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In 2017, Volvo Cars has reported a strong 27.7 percent increase in operating profit, earning a record 1.8 billion dollars, and the company itself, which was struggling when Geely took it over eight years ago, is thriving. As for Geely, it has seen substantial improvements in technologies and management after buying Volvo, and quickened its progress in making itself a global brand, which has set the stage for its investment in Daimler this time.
"It means Chinese still have to spend big on basic needs, and their expenditure on culture, health care, entertainment and tourism are much less than people in developed countries," Wang said.
SEOUL, Feb. 8 (Xinhua) -- Chinese President Xi Jinping's special envoy Han Zheng and South Korean President Moon Jae-in held a meeting Thursday on enhancing bilateral ties and improving the situation on the Korean Peninsula in a cordial and friendly atmosphere.
BOAO, China, April 8 (Xinhua) -- Over a year ago, Chinese President Xi Jinping vigorously defended free trade at the World Economic Forum annual meeting in Davos, impressing the world with China's staunch support for globalization.
Xi said that China is willing to work with Britain to strengthen communication and coordination on macro policy, maintain high-level exchanges and institutional communication, promote practical cooperation under the framework of the Belt and Road Initiative, and provide more opportunities to upgrade and accelerate the "Golden Era" of bilateral ties.
来源：资阳报