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Considering the circumstances in China, which faces a decline in labor force due to an aging population, a mismatch between skills offered by employees and skills needed by companies, as well as uncertainties in international environment and other risks like COVID-19, stabilizing the job market is of high priority.

Consultancy firm Roland Berger forecast in its latest report that about 1.05 million heavy-duty trucks will be sold in China in 2019, down 9 percent year-on-year. But as the global industry attaches greater importance to environmental protection and efficiency, high-performance and fuel-efficient trucks will become increasingly popular, the report added.

Cooperation has always been the only correct choice between China and the US, they said during the 11th dialogue between business leaders and former senior officials from China and the US.

Corporate changes

Considering the growth potential of China's economy, a coordination of fiscal and monetary policies will support the economy to achieve a positive growth, and the real growth is possible to be 2 percent to 3 percent this year.