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In 2008, a joint venture of the A320 final assembly line was set up in Tianjin to meet surging demand from Chinese customers. It is the third single-aisle aircraft final assembly line location of Airbus and first outside Europe.

In 1996, Japan's debt-to-GDP ratio exceeded 90 percent. Thinking the ratio may be too high and could incur a fiscal crisis, the panicked Japanese government tightened its fiscal policies, which led to an economic recession. Japan later gave up its tightening fiscal policy stance and now although its debt-GDP ratio has exceeded 250 percent, it is yet to encounter a fiscal crisis, Yu said.

Improved product quality also helped the listed company gain a bigger market share as many affluent Chinese are willing to spend more on expensive home appliances.

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Important markets

Immediately after the collapse, a blame game started between BMC and federal railway ministry over the responsibility of managing the overhead bridge.

In 1994 Zhang established the first Wumart store in Beijing, which initially was designed to showcase the information-management system and point-of-sale devices he developed for Chinese retailers. The supermarket quickly drew the attention of millions of Beijing residents and reached revenue of 100 million yuan in the first year. In 2004, Wumart took up about one-third of Beijing's retail market.

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In 2000, he was invited through a former Chinese friend to be the chief scientific adviser for the then newly founded International Center for Quantum Structures at the Institute of Physics under the Chinese Academy of Sciences. Since then, he and other distinguished international researchers have also been invited to come to China once a year to advise and collaborate with the institute.

In 1987, five selected enterprises started to offer shares to the public through three securities brokers. The securities market was taking shape in Shenzhen, but it still lacked national regulations and an official management committee.

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In 2016, China became the world’s second-largest beef importer behind the US, importing 800,000 metric tons worth .6 billion. Chinese reliance on imports grew in 2017, when beef consumption rose by 4 percent, outstripping domestic production, which increased by just one percent.

In 2013, the UAE government launched the "Smart Dubai" project, to boost the local economy with cutting-edge technology innovations in all sectors, ranging from upgrades in the field of technology development to the government administration processes.