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Carter, who served in the White House from 1977 to 1981, said he had witnessed how the Chinese people suffered during much of the early 20th century and how China's transformation into the world's second-largest economy lifted hundreds of millions out of poverty in the last four decades, according to the Xinhua News Agency.
Cash flow is another problem. The automaker has not realized annual profit in the past 14 years. As its expansion in the US continues, its new China plant will bring large financial pressure to the company.
Caterpillar will continue to explore opportunities related to the Belt and Road Initiative, and launch next-generation excavators with smart technologies, Umpleby said.
Categories of goods were also expanded from 38 to 45, with some wine and electronic products added to the duty-free list being of particular interest to consumers.
Chairman and chief executive officer Daniel Zhang said the company's overall business continued to experience strong growth, with a total annual active consumer base of 960 million globally, despite concluding the fiscal year with a quarter impacted by the COVID-19 pandemic.
来源：资阳报