Yang Bo, a technician at Dongfeng's engine research center, said that the company has invested significantly in researching applications for the vacuum pressure casting process, as well as in developing new materials such as carbon fiber and basalt fiber. This has helped to reduce the vehicles' weight, but also "greatly improves overall performance", Yang said.
Yang said the company's biggest rival is Alibaba Group Holding Ltd's restaurant review and local services platform Koubei, adding that competition in the service-focused e-commerce sector would be more intense.
Yang was sentenced to death with a two-year reprieve.
Yang Delong, chief economist at Shenzhen-based First Seafront Fund, said that the overseas markets fluctuated quite significantly during the seven-day National Holiday starting Oct 1. The Dow Jones industrial average dropped below 26,000 points on Oct 2, hitting its lowest point in a month. When the market closed on Oct 5, the Dow Jones industrial average dropped 0.92 percent in a week, while the Standard & Poor's shed 0.33 percent during the same period. The FTSE 100 index in the United Kingdom slumped by 3.65 percent during the first trading week in October, while the Hang Seng Index dropped by 0.52 percent in Hong Kong.
Xu said steel companies in southern China, where restrictions on production activities are not as heavy as that in northern China, are expected to enjoy better profitability than those in the north.
Yang has previously said that the group will continue to innovate using big data and AI, which can be applied to every link of the car-consumption industrial chain.
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Yale University and the University of Pennsylvania were the latest major institutions to shutter its classrooms, joining fellow Ivy League schools Harvard, Princeton, Columbia and Cornell. (As of Thursday, Dartmouth remains open.)
Yan Junqi, president of the Central Institute of Socialism, said China has paid more attention to intellectual property protection in the past five years, and IP related industries are seeing unprecedented opportunities for growth.
Yangling Agriculture Hi-Tech Industrial Zone, a national-level high-tech development zone in Shaanxi province, has established modern agricultural demonstration parks in Kazakhstan and Kyrgyzstan and signed agreements with over 20 countries to deepen agricultural cooperation.
Yang said he will continue to record the beautiful city with his lens.