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Competition, especially local competition, forces us all to continue to develop our products, services and accessibility, to the benefit of the general population, whom one may argue local companies understand better than their foreign counterparts. The rise of our local competitors has forced us to better connect with Chinese people, organizations, partners, media and the government, and I believe that is a positive thing.

Cobalt new materials manufacturer Zhejiang Huayou Cobalt Co Ltd, cultural company Shanghai Oriental Pearl Group, Kangmei Pharmaceutical Co Ltd and Tasly Pharmaceutical Group are examining the possibility of selling shares in London, potentially to raise money under the long-awaited Shanghai-London Stock Connect Program, according to sources with knowledge of the matter.

Commenting on challenges brought by the policy change, Lu said the way to win out in the fierce market competition for NEV manufacturers lies in improving the quality of products and offering better technical services.

Concern over Facebook's alleged failure to combat what critics see as "hate speech" kicked off a monthlong boycott Wednesday by some of the social network's largest advertisers.

Commercial banks in Taizhou seek ways to help solve funding difficulties of small companies