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Chinese-branded vehicles have taken more than half of the domestic automobile market share, and 40 percent passenger vehicle market shares, Fu Bingfeng, deputy secretary general of the China Association of Automobile Manufacturers, said at the 2020 China Auto Forum on Aug 14, Xinhua reported.
Chinese vendors still have several loose ends to tie up, none starker than their poor control over key sections of the supply chain, particularly chips, or processors, the engines that drive the handset hardware -the brain, if you will.
Chinese tourists enjoy Balmoral’s Afternoon Tea Masterclass. [Photo provided to chinadaily.com.cn]
Christopher Pissarides, a professor at the London School of Economics who won the economics prize in 2010, said the long-term implications of COVID-19 will reshape work arrangements and global economic structures.
Citing financing measures for foreign trade companies, He said SMEs would no longer wait for too many credit approvals in their fundraising.
来源：资阳报