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Instead, the creation of legally independent units with "excellent market- and customer proximity" would allow Daimler to "better utilize the growth potential" in these areas.

Introducing more women into the industry "will open the door to greater innovation and increase diversity", he added.

International cooperation and dialogue are the way to solve trade disputes, UN Secretary-General Antonio Guterres said on Thursday.

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Intermediate-range missile deployment, Indo-Pacific Strategy are his key agenda

Investors in the financial market have expected for a long time that the additional quota could be released before the end of this year. The 2019 annual local government bond quota had been almost used up by October, and the slowdown in bond issuances has constrained the growth of the total social financing.

Insiders said Xi might use the upcoming commemorative occasion in Shenzhen to reiterate the country's commitment to expand opening-up amid growing tensions with the United States, whose unilateral and protectionist policies have added mounting uncertainties to the global economy. Meanwhile, he could also highlight the role of the special economic zones in boosting the country's high-quality development in the new era.

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Investment in infrastructure is likely to maintain steady growth, but due to restraints on funding sources and a high comparison base, further acceleration will be limited, Lian pointed out.

Investors have already jumped on the bandwagon. In China's A-share market, stocks related to 5G networks, industrial internet, inter-city transit systems, vehicle charging stations and data centers -- all considered as new infrastructure -- saw continued fund inflows, with exchange-traded funds linked to these shares registering gains in the past weeks.

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Internationally, modular construction is being applied in more and more countries. According to China International Marine Containers, it has so far provided more than 35,000 hotel rooms and apartments for its partners in the United States, Britain, Japan, Australia and other countries and regions.

Investors and analysts suggested that if the banks hold less money in reserve, then those funds may end up being accounted for as profit.