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Despite the West's head start, however, Chinese train manufacturers have been enhancing technologies and designs, and have now become competitors in the global supply chain for urban transit.
Delta Electronics Inc, a global provider of power and thermal management solutions, said it will continue to invest in the Chinese mainland market, and further participate in the Belt and Road Initiative, as well as the upgrading and transformation of the mainland's manufacturing industry.
Despite the global economic and trade situation being sluggish, the fundamentals supporting China's foreign trade development have not only remained unchanged but gradually strengthened in certain aspects.
Despite disruptions due to COVID-19, the country's fintech innovations continued to provide better solutions for individuals, the real economy and social development, with the support of information technology including cloud computing, big data, artificial intelligence and mobile internet.
Despite the anticipation of a subsidy cut, Beijing Electric Vehicle, the country's largest electric vehicle maker, told China Daily the new plan will bring "some or even great pressure" in the short term, saying it does not rule out the possibility of price adjustments. Industry insiders said the subsidy reduction will put pressure on Chinese carmakers and the auto market in short term.
来源：资阳报