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As an important link in the industrial supply chain, the company focuses on product development and technological innovation, with all its products owning their intellectual property rights, according to Hu Yueming, NGC's chairman and general manager.

As a premium brand, Arcfox's vehicles are high-end. The company was founded by Beijing-based automaker BAIC Group to show the upper limits of what electric cars are capable of in terms of performance. The company's supercar, the Arcfox GT, goes from zero to 100 kilometers per hour in 2.59 seconds.

As concerns over climate change have been rising, China has become both the largest manufacturer and buyer of EVs in the world and currently accounts for more than half of all electric cars.

As an important border port, Dongxing provides a major trade link between China and Vietnam. Everyone living in the border areas is allowed to import a daily limit of up to 8,000 yuan (,130) worth of products for daily use without paying duties.

As an old Chinese saying goes, a commitment, once made, should be delivered. Boosting development in the Asia-Pacific requires real actions by all of us members. As the world's second largest economy, China knows fully well its responsibility. Over the past five years, we have taken proactive steps to adapt to, manage and steer the new normal of China's economy and deepened supply-side structural reform. As a result, China's economy has maintained steady performance, and we are pursuing better-quality, more efficient, fairer and more sustainable development. Over the past four years, China's economy has grown by 7.2% on the average annually, contributing over 30% of global growth. China is now a main driver powering global growth.