In the Doing Business 2020 report released by the World Bank in July this year, China improved to the 31st position among 190 economies, compared with 78th in 2018. The sample cities evaluated by the World Bank include Beijing and Shanghai, with Shanghai having a weight of 55 percent.
In the first half of 2020, China's listed car companies experienced overall operating pressure, while some highlights remained.
In the future, the new materials industry is one of China's key focuses amid the consumption increases we are seeing in the market. As a manufacturer of high-performing materials, we have full confidence in meeting the ever-escalating industrial demand. Through utilizing our expertise in materials science, we hope to empower our customers and help them improve their product quality continuously, thus seizing upon the opportunities given to us and achieving commercial success in this wave of industrial upgrade.
In the face of the economic downward pressure at home and abroad, China's commitment to deepening reform and opening-up and welcoming overseas enterprises to expand investment and cooperation with China will remain unchanged, the premier said in the letter.
In the area of new medicine development, we are already working with and are exploring collaborations with a rising number of local partners, including established research institutions and hospitals. I do see that the research capability in China is really progressive. We are monitoring the innovative climate as we are really keen to partner with local universities and biotech startups.
In the FTZ, companies can go through all the customs clearance procedures at any customs office if they have clearance forms issued by the inspection and quarantine authorities.
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In the auto industry, China's market for new energy vehicles, or NEVs, has skyrocketed. NEV sales have gone from about 10,000 passenger vehicles in 2009 to around 340,000 last year. This trend is being maintained in 2017.
In the current wave of enthusiasm for hardware optimized for AI, China's semiconductor industry sees a unique opportunity to establish itself, said the report published by MIT Technology Review, a magazine founded by the Massachusetts Institute of Technology.
In the first quarter of this year, market demand remained very high, with nearly 13,000 units sold each month.
In the future, a series of GAC Trumpchi models will also feature the system, according to the carmaker.