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DAVOS, Switzerland - US Secretary of State Mike Pompeo said Tuesday he was optimistic that US-China trade talks would have a good outcome and the two countries could "thrive and prosper together."

Currently, analysts said, it is not easy for Chinese brands to make money in the US market, where government regulations are tough and customers are especially car-savvy. Volkswagen, which delivers more than 3 million vehicles a year in China, sold 350,000 in the US last year.

Currently, the logistics center is partially operational to serve Lazada, the largest Southeast Asian online shopping platform incorporated in Singapore.

Crude steel output totaled 904 million tons in the first 11 months, up 7 percent year-on-year, while the output of cast iron went up 5.1 percent from a year ago to 739 million tons, showed data from the China Iron and Steel Industry Association (CISA).

Currently, there are more than 5,000 methanol-fueled taxis in Guizhou, which account for 75 percent of the total methanol vehicles in the country. The government has also established 13 methanol filling stations.