The name of Daniel Zhang, or Zhang Yong in Chinese, has grabbed the headlines as Jack Ma, co-founder and chairman of e-commerce giant Alibaba, announced on Monday his plans to step down on Sept 10 next year and hand over control of Alibaba to Zhang, the current CEO of the company.
The move is part of broader efforts by the United States-based tech heavyweight to tackle climate change and increase the use of renewable energy within its supply chain.
The move is part of a strategic cooperation agreement signed between ABB and the Shanghai municipal government, in which the Swiss tech giant will invest 0 million expanding its business in what is the world's largest robotics market.
The move also conforms to the long-term interests of those countries and their people, Wang added.
The municipality announced the expansion of its mandatory quarantine policy for travelers during the daily news conference about the containment of the novel coronavirus in Shanghai.
The mooncake industry-traditionally dominated by gift buyers-has experienced a 20 percent sales decline nationally each year since 2013, when the central government introduced an anti-corruption measure. That law strictly bans the use of public money to buy the pastries or other gifts considered luxuries, such as Moutai, the specialty baijiu liquor.
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The move was another sign of China's willingness to further liberalize its capital markets and to grant foreign investors greater access to the country's 50 trillion yuan (.6 trillion) A-share market, said Dong Dengxin, a finance professor at Wuhan University of Science and Technology.
The models, made at Volvo's Chengdu plant, will be sold in 25 European countries, including the United Kingdom, France, Italy and Germany.
The move followed years of preparations and planning by both parties before the relics could leave home.
The museum shop will feature limited edition memorabilia that hold great meaning in Chinese American culture as well as a curated collection of items, including rotating merchandise from up-and-coming Asian American designers and makers, according to both sides.