Li said the smartphone and television performance has been flat or weaker over the past year amid heavy competition from domestic smartphone brands like oppo and vivo. The company won't spin off the smartphone unit because it's a core part of the business, but it will likely go through a major restructuring this year, he said. TCL's smartphone shipments fell 39 percent in the first quarter of this year, according to the unit responsible for phone sales. The same subsidiary also builds BlackBerry and Alcatel phones, two brands hit by fading appeal.
Li said Dow Chemical Co's merger with DuPont Co and Bayer AG's purchase of Monsanto Co, which occurred in the past two years, would mean that ChemChina would face strong competitors, as the top six international suppliers, including Syngenta and BASF SE, have all been vying for market share and financial resources to push the research and development of new products.
Licensing contemplated for providers of faith-related information online
Liao Xiaojuan, an online mango seller in Baise, Guangxi Zhuang autonomous region
Li's family started the business in 1994. At the beginning, the sewing machine producer borrowed hundreds of thousands of yuan from private lenders, with higher interest rates than what was available from commercial banks. In 2006, the family received the first loan from the Industrial and Commercial Bank of China.
Likewise, China is fostering innovation-driven development. In this process, China is improving its independent innovation capability in science, technology, engineering and industries. Right now, China is leading the world in telecommunication, aerospace, high-speed rail and nuclear energy.
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Li said as online booking and offline door-to-door garbage collection fits the lifestyles of young people, he believes door-to-door recycling will become mainstream in the future, the report said.
Lin Cheng, who has worked the Spring Festival travel rush for 30 years, says it's often difficult to move his arm after stamping tickets over 10,000 times a day.
Li once came to a restaurant and begged the owner to give her a job. "Please let me work here. I can wash the dishes and help in the kitchen. You can offer me lower wages as long as you allow me to work here," she said.
Li said this might be the easiest goal to reach during this visit, and it could help ease tension if achieved.