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As a result, they seized a 43.9 percent market share by the end of June, 1.1 percentage points higher than the same period last year.

As a result of the pandemic, corporate finance has grown rapidly so far this year. In the first quarter, China's new yuan loans reached 7.1 trillion yuan, of which 6.04 trillion yuan were new loans to enterprises and public institutions, according to the central bank.

As a result, "Luxury brands are repositioning themselves to better reach this influential demographic group, particularly through digital media," Lannes said. Almost all the luxury brands have launched or plan to launch official websites, increase budgets for marketing on digital platforms such as Tencent's messaging app WeChat, speed up the pace of bringing out new products, and update their shop windows more frequently.

As head of Renault since 2005, Ghosn was the keystone of the company's alliance with Nissan and Mitsubishi, forging an industry powerhouse that together sold more cars than any of its rivals last year.

As a business capital with a history as long as 1,000 years and a gateway in southern China, the megacity is not only a hot destination for commerce and investment, but also a hub with easy global access and innovation spirit, Cai noted.