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China has set the target of achieving GDP growth at around 6.5 percent this year. In the first quarter, GDP grew at 6.9 percent year-on-year, getting the economy off to a good start, according to data from the National Bureau of Statistics.
China is the firm's third-largest and fastest-growing market. ADI's China operation made up around 16 percent of the company's .2 billion revenue in the 2018 fiscal year, with its fastest growth coming from industrial automation, driverless cars, 5G communications and the medical sector.
China is the first major market where Airbus SE, the European plane maker, has seen a recovery in demand since the novel coronavirus epidemic, according to a top company official.
China has taken great strides in deepening its economic and social development over the past five years, while the Hong Kong Special Administrative Region also has grown, with major progress in different aspects. Watch the video explainer below and leave comments to share your experiences.
China is committed to the "one country, two systems" principle in Hong Kong. In accordance with the Basic Law, Hong Kong maintains a high degree of autonomy. With the exception of external relations and national defense, which are the responsibility of the central government, Hong Kong has executive and legislative powers. It also has judicial independence.