Industry leaders in the sector also reported positive performance last year. Beijing-based Be Sun Yen Holdings had an annual turnover of 543 million yuan in 2017, up 5.5 percent year-on-year. Zhuhaibased By-Health reported even stronger annual growth of 34.7 percent with sales revenue of 3.1 billion yuan last year.
Increasing its global presence will help Baogang boost production as it taps into potential new markets through the Belt and Road Initiative.
In this year's government work report, China said it would begin the renovation of 39,000 old urban residential communities - doubling last year's target to benefit 7 million households - and support the upgrading of plumbing and wiring and the installation of elevators in old residential buildings.
Industry insiders say the tech heavyweight has faced pressure from local competitors offering reasonably priced smartphones, and has revealed its ambitions to win back the Chinese market through new technologies and products.
In this episode of the Week in Geek, we dive into Envelop VR’s product and why it may have folded, despite excitement from the community and some early successes. We also take a look at the Seattle athletes who made a list of top Twitter users, and a high-tech football helmet that was patented by Bill Gates and Bellevue, Wash.-based Intellectual Ventures.
Increasing numbers of young people are favoring hair buns secured with traditional pins and are sporting the ruqun, a type of attire worn primarily by Han Chinese women.
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India's Indian Express daily reported in April that Washington offered to hold a formal meeting between the two defense ministers but it was declined by New Delhi, because "it didn't want to diminish the importance of India's first '2-by-2' dialogue at the ministerial level."
Industrial output expanded 6 percent year-on-year last month, with the growth easing from 7.2 percent for January-February period.
In the world's machine tools industry, China's State-owned Jier Machine Tool Group Co, based in Jinan, capital city of East China's Shandong province, has been blazing a trail in the segment of automobile stamping lines.
Infrastructure investment has speeded up this year as policies stabilizing the economy began to take effect. In the first quarter, nearly 20 province-level regions commenced more than 10,000 major projects with a total investment of nearly 5 trillion yuan (4.2 billion), according to data compiled by Economic Information Daily. Considering those not taken into account by the newspaper, the real figure could be larger.