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At the same time, the group estimates that approximately 11,500 new jobs will be created in the same period as the IKEA group develops new store formats, its online shop and invests in digital capabilities. The aim is to boost IKEA's digital, delivery and other services, the company says in its press release quoted by SVT.

At the event - 2018 China Hainan Pilot Free Trade Zone 100-Day Investment Project Promotion Campaign - the group signed cooperation agreements with leading industrial groups such as State-owned grains and food conglomerate COFCO, China Youth Travel Service Co Ltd, the CCCC Marine Construction & Development Co Ltd and Pagoda Investment Advisors (S) Pte Ltd, with a total investment value of 60 billion yuan (.4 billion).

At the news briefing, Wang also announced that China agreed with and supports the AU's plan to open a representative's office in China.

At the end of June, the Hangzhou-based bank's such loans surpassed 620 billion yuan (.7 billion), up 10.42 percent from the beginning of 2020, and accounted for 63.54 percent of the bank's total outstanding loans to firms, the bank's president Xu Renyan said at a press conference in Beijing.

At the bimonthly meeting, lawmakers deliberated on two reports respectively focusing on pollution control and poverty relief.