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Attendees at the recently held China EV100 2018, a non-government, non-profit forum discussing the future of electric vehicles, said that many Chinese auto brands are embracing the opportunity to grow via developing new technology that can help revolutionize business models in the domestic market.

Aware of the foreign residents from 42 countries, the community established a special team to provide services for them, tackling the most pressing needs and solving their difficulties during the epidemic, according to Fu Qiyi, an official of the community.

BEIJING - A year ago, economic forecasters at home and abroad bet on the sharp depreciation of the renminbi, or the yuan, in 2017 due to a flagging economy and US rate hikes. But the Chinese currency roaring back in past months has proven them wrong. The yuan's midpoint saw a substantial increase to 6.6770 against the greenback Thursday, the strongest in more than 10 months, following a steady strengthening streak since the beginning of 2017. Onshore and offshore rates were also much firmer. While curbed capital flight and the weaker US dollar were considered the immediate cause, the country's economic resilience played a fundamental role in propping up the currency. China posted a forecast-beating GDP increase of 6.9 percent in the second quarter of the year despite expectations of a loss in momentum, flat with that of the January-March period. From buoyant factory activity to robust imports, latest indicators have disappointed doomsayers. "Once again, the Chinese economy has defied the hand wringing of the nattering nabobs of negativism," Stephen Roach, faculty member at Yale University, wrote in an article on Project Syndicate.

Average mobile monthly active users were 3.67 million, an increase of 120.1 percent from 1.67 million in the same period of 2018, while total number of purchasing reservation service users were 188,300, a growth of 50.7 percent from 124,900 a year earlier.

Attendees visit the stand of Chinese company DJI, a world leader in camera drones and quadcopters for aerial photography, at the 53rd CES 2020 in Las Vegas, the United States, on Jan 8. [Photo/Xinhua]