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As a first-time CIIE exhibitor, the France-headquartered company said due to the impact of COVID-19, the global investment environment has been dramatically changing. It will discuss the topic of foreign investment for multiple emerging markets, including Brazil, Colombia, Central Asia, Switzerland and other regions. Mazars also will offer expertise on how Chinese companies can expand their global presence.
As a pioneer in automotive connectivity, BMW offers customers tactile travel experience. [Photo provided to China Daily]
As a result, the services industry will absorb massive labor force, said Zhu from Moody's. "Despite China's economic growth slowdown, very few people have actually lost their jobs. The country is not under high stress of unemployment because a large number of job opportunities are transferring from the manufacturing sector to the services industry amid economic transition in China."
As a pillar of the national economy, the auto industry plays a crucial role in boosting domestic consumption and facilitating consumption upgrades, Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce (MOC), said at an online press conference.
As central SOEs took proactive measures to tackle complicated economic situations both at home and abroad by expanding global market channels and adding expenditure on research and development, their net profit jumped 8.6 percent year-on-year to 703.77 billion yuan (2 billion) in the first half of this year, data from the SASAC show.
来源：资阳报