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As China is keen to steer the economy toward innovation and technology-driven high-quality growth through effective reforms, automaker Volkswagen AG spent 1 billion euros (.12 billion) in late May to acquire a 50-percent stake in a subsidiary of Anhui Jianghuai Automobile Group Corp, or JAC.
As China's first market economy testing ground, Shenzhen has become a technology center and financial hub in recent years. With its favorable business environment, nearly 300 Fortune 500 companies have set up their China bases in Shenzhen.
Around 50 percent of the group's revenue comes from 23 major cities in China, according to Colin Currie, managing director of Adidas in China. With a presence in more than 1,000 cities, the sports goods producer plans to penetrate to 2,000 cities in China when ready, he said.
Apple shares rose Friday 2.48 percent in mid-day trading after Wells Fargo upgraded the stock to overweight from equal weight, citing the stock's "compelling risk/reward" outlook.
Areas such as the Industry IoT, the Internet of Vehicles (IoV), virtual reality (VR), and distant medical care are likely to benefit the most from the commercial use of 5G, said Wu.
来源：资阳报