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Credit insurance is an effective tool to protect companies against non-payment risks caused by protracted default or insolvency of their buyers. It is commonly used by companies in Europe, and the usage rate can be as high as 30 percent in advanced countries such as France and Germany, according to the survey.

Cost reduction does not mean producing products that don't last as long or perform as well as solar cells made elsewhere, but seeding a next generation of technology, identifying promising technology and scaling it up, he said.

Continental, a German firm that purchases chips and produces components for carmakers, told China Daily that companies along the industry chain are working together on solutions, but the shortages may continue well into 2021.

Coronavirus infections in Malaysia stood at 6,002 as of Thursday, and the pace of new cases has slowed in recent days.

Consumer centricity: We are riding on the waves of consumption diversification to satisfy their increasingly demanding lifestyles. For example, in 2017, our 22 aspirational brands served more than 100 million consumers with at least one newly launched product per day on average. This is just the beginning - there are still over 500 million potential consumers for us to conquer.