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As the novel coronavirus outbreak has been largely contained in China and the production resumption of companies and factories accelerated, the demand for excavators rose substantially in March, said the association.

As the world's largest market for industrial robot application, China saw its industrial robot sales slip 2.11 percent year-on-year to 153,100 units in 2019, the report stated.

As the COVID-19 outbreak happened, the RDPAC immediately established a task force involving 42 member companies to help with epidemic control, including making significant donations to Wuhan city, Hubei province, such as purchasing urgently needed medical materials from overseas and looking into previous research for potential solutions.

As the core of the supply-side structural reform, an established legal system for bankruptcy will help allow the market to play a decisive role in allocating resources, according to Li Shuguang, a professor of law at China University of Political Science and Law.

As the third generation in his family to do business in Burang, the only port of entry for foreign trade in Ngari Prefecture, Dibu has worked in the family business since he was 19 years old. Now, he is 54.