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Banks must explore more areas like intelligent customer service, home banking and supply chain finance, said Dong Ximiao, chief analyst at Zhongguancun Internet Finance Institute.
Baidu went public on NASDAQ in 2005, and its revenue was .08 billion in this year's Q2.
Banks will have significant advantages in wealth management after they launch subsidiaries focusing on this area of business, thanks to their large size of business, huge number of clients, wide distribution channels and strength in fixed income products.
Bai, the researcher, said a holistic approach is needed to address certain issues about China's trade development, such as low added value of products. "The key reason behind it is the industry's lack of international competitiveness, followed by a lack of sufficient recognition of brands," he said. The building of international marketing systems, as mentioned in the guideline, is an effective solution to the problem so that Chinese companies can move up the value chain, he said.
Bauxite is a rock which can be refined and is the main source in the world for aluminum.
来源：资阳报