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Li said the epidemic will accelerate the reshuffle in the display industry, as supply has surpassed demand in the past few years and competition has become fierce. "The outbreak has caused a periodic drop in demand in the global display market and sped up the restructuring of the entire industry. Chinese enterprises are in a favorable position and I believe that they will further enhance their competitiveness."

Liang Ming, research fellow at the Chinese Academy of International Trade and Economic Cooperation at the Ministry of Commerce, said facts have proved the impact of trade frictions on China was manageable.

Li said that cross-provincial cooperation is also encouraged to help laborers from poverty-stricken areas find work, especially those from extremely poor areas and the 52 counties that have yet to be lifted out of poverty.

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Li said the developments are mainly the result of the Serbian leadership's recognition of the significance of the Belt and Road Initiative. The two sides signed a memorandum of cooperation in 2015.

Li made the remark when he was addressing the closing ceremony of the China-Russia Media Exchange Year (2016-17) at the Great Hall of the People on Wednesday, together with visiting Russian Prime Minister Dmitry Medvedev, after the two held their 22nd regular meeting in Beijing on Wednesday morning.

Likewise, for someone coming from Seattle’s crazy housing market, where the median home price just surpassed 0,000, D.C.’s 0,000 median price seems almost reasonable.

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Like other retailers, the company closed all its physical stores in late March due to the COVID-19 pandemic and moved retail team members to remote work.

Li made the remarks when addressing the opening ceremony of the Annual Meeting of the New Champions 2019, also known as the Summer Davos Forum, in the city of Dalian. The Summer Davos Forum has been held in China for 13 years.

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Li, formerly named Li Housheng, was born in April 1917 in central China's Hunan Province, and joined the CPC in February 1937.

Li works in Beijing's central business district and said he likes the watch-like device because it shows the company "cares about the health of us couriers".