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"China is going through the process from 'made in China' to 'intelligent manufacturing in China', and will finally enter the phase of 'created in China'. During the process, Kuka needs more efforts to increase its localization ratio," said Wen, adding that the localization will focus on R&D, sales, aftersales service and apps.
"By then, we could be a 0 million company," the entrepreneur said. According to Parafuzo's funding brochure, the company, which was set up in 2014, already had a break-even cash flow by November 2016 and in that year, it had .93 million in GMV, 3,000 in net revenue and 3,000 in net loss.
"China has the world's most complete industrial system with the most diversified sectors and vigorous domestic demand," said Pang Xingjian, senior vice-president of Schneider Electric China, adding the epidemic and its recent impact on factory business will push more Chinese companies, especially small and medium-sized enterprises, to focus on digital transformation for robust growth.
"China is taking first good steps to open up its auto sector," Fredrik Erixon, director of the Brussels-based think tank European Centre for International Political Economy, told Xinhua.
"By the end of 2018, Jiangsu had 4,711 km of highways," Wu said.
来源：资阳报