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Despite significant decline in profit, many executives of Chinese automakers said they remain positive about their companies' prospects as well as the NEV market in the country.

Despite huge market demand, most of China's slaughtering and meat processing industries are still fledgling. There are more than 20,000 pig-slaughtering enterprises but less than 10 percent of them can reach a five-million-yuan output per year, according to the Zhiyan consulting company. This is far lower than the average of 70 percent in developed economies.

Despite her qualifications, Puzankova started her career at a major corporation that produced solar-energy equipment. She later joined a healthcare company that specialized in medical equipment and genetic tests, where she developed a passion for the field.

Despite the "futility of the trade war which harmed Americans more than China", the US administration continues "information warfare as a tool to manufacture consent from the public for a full cold war against China", Tang told the audience at a webinar hosted by Code Pink, a grassroots organization working to end what it says is US militarism.

Depending on the impact of the novel coronavirus on global supply chains and production capabilities, the demand could be significantly slowed, as GFK noted, however, smartphone vendors still have positive anticipations for the industry this year.