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Cecily Liu contributed to this story.
Chan Chun-ying, the bankingsector legislator, tells China Daily on Wednesday that Hong Kong's economy will not witness a fast, Vshaped recovery. [Photo by Parker Zheng/China Daily]
Charlie Dai, head analyst at Forrester Research Inc, said Microsoft is injecting AI into all of its businesses, including its Azure cloud services, which are gaining stream in China. But the company also faces mounting competition from local players such as Alibaba Group Holding Ltd and Huawei Technologies Co Ltd.
Chen Bin, executive vice-president of the CMIF, said after more than two years of decline, the rebound in the world's transportation, manufacturing, oil and construction sectors eventually created more growth momentum for domestic players to ship their products abroad in 2017, as the machinery industry mainly serves those sectors.
Cao added that people in smaller towns and rural areas are seeking high-end products, along with the rising e-commerce penetration rate in these areas.
