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"Byton is inspired by 'bytes on wheels'. Byte stands for the internet and wheel stands for the auto industry. We want to build Byton into the next-generation smart device," said Daniel Kirchert, president of the 1-year-old startup when he addressed the audience.
"China is a resource-rich country, but the ore grade is relatively low and some resources are not easily accessible."
"But we have to acknowledge that there would be no need for such a dire economic response if we had managed to improve our healthcare response sufficiently," he added.
"China has enhanced its trade policy measures to protect its businesses from growing trade protectionism across the world," said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation in Beijing.
"By next year, China's online spending will be greater than the rest of the world combined. At Alibaba, we want to help you take advantage of this appetite for consumption through our e-commerce marketplaces," he said, referring to the slew of online shopping portals under its brand.
