In the second half, IPO activities will be affected by many factors, including new challenges for China-US relations, the COVID-19 pandemic and trade uncertainties, with economic growth under downward pressure, said EY partners.
In the newly-released core area development plan for streets and blocks in Beijing from 2018 to 2035, the central government has stated that the city should protect its culture and history, while maintaining convenience for the people.
In the prosperous big cities, demand for such goods as cars, appliances, electronics and clothing is already high. Many government policies are designed to spread this prosperity and consumer demand throughout the countryside and to smaller cities.
In the same period, the production and sales of automobiles in China were 25.33 million and 25.42 million, down 2.6 percent and 1.7 percent.
In the process, Chinese companies have played an important role in driving globalization and contributing to global economic recovery through pushing for freer trade and cultural exchanges, Xiao noted.
In the meantime, Chinese companies' investment in these markets accounted for 16.5 percent of its total ODI. The share was up by 4.1 percentage points from the same period last year.
上海视力加盟需要
In the survey, 86 percent said they took orders online (including mobile) while 77 percent also said brick-and-mortar, and 42 percent said they took orders from call centers and catalogs.
In the race for data, which, as IDC analysts put in their report, is "at the heart of this digital world" and "a company's most valuable intangible asset, which can create a competitive edge in digital transformation", there is already a victory sign coming from China.
In the past, many investors would have likely called it "unbelievable".
In the latest of such collaborations, Chongqing Changan Automobile Co and Huawei Technologies Co inked a strategic agreement last Wednesday to establish an innovation center as a platform to develop the internet of vehicles.