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As a result, the services industry will absorb massive labor force, said Zhu from Moody's. "Despite China's economic growth slowdown, very few people have actually lost their jobs. The country is not under high stress of unemployment because a large number of job opportunities are transferring from the manufacturing sector to the services industry amid economic transition in China."

As an everyday choice for dairy among the common public, Yili pure milk has become closer to the people and cares about the nation's welfare and people's livelihoods. Spring Festival is the most important celebration for Chinese people, and a joyful festival with a reunited family has great significance to each person. Yili hopes its family name special edition product could inspire closer interaction between family members and bring happiness and joy to each household.

As a contractor for the country's navy, CSIC has already moved seven of its power businesses to its Baoding-based unit－CSIC Fengfan Co Ltd－one of the group's storage battery manufacturers.

As Trump held the news conference, House Democrats moved toward approving a sweeping relief package to assist people affected by the coronavirus, but after days of intensive negotiations with members of the Republican-controlled Senate, it remained unclear whether Trump would agree to it.

As a further attempt to explain the association between economic growth and tech innovation, Wu said, "It isn't hard to envision how advances in tech could lead to the automation of our future."