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"Consumption now remains the main driver of economic growth," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "Due to rising Sino-US trade disputes, we are facing many external uncertainties. Therefore, we need to focus on boosting domestic demand. Considering the current levels of per capita rural and urban incomes and the proportion of consumption to the total GDP, there is a lot of room for consumption growth."
"China stands ready to strengthen cooperation with Trinidad and Tobago under the Belt and Road Initiative, and help promote its socio-economic development," he said.
"China used to be a kingdom of bicycles. We just offered a solution in tandem with the government's policy and also the people's willingness to change their lifestyles. This, in fact, is behind our success," Hu said on the sidelines of the UN Environment Assembly meeting.
"China's new energy vehicle industry, as well as the power battery sector, has evolved into a stage where there are rivalries in technologies and resources," said Zhang Xiaofei, president of Shenzhen Gaogong Industry Research Co Ltd, an industrial analytic company, specializing in batteries, e-vehicles and new materials.
"Contrary to the assumption underlying the investigation on import vehicles, the US auto industry is thriving. To our knowledge no one is asking for this protection," said John Bozzella, CEO of Global Automakers, which represents foreign automakers doing business in the United States.