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It added that equity markets may find some stability during the first-quarter reporting season, which starts mid-April and lasts through May, upon signs of a tapering in new infection cases in the United States.

It has become a new highlight of China's foreign trade innovation and development, a new engine of economic transformation and upgrading, a new platform for innovation and entrepreneurship, as well as a new carrier to serve the construction of the Belt and Road Initiative, the official added.

It exported 38,786 vehicles in the first six months of this year, up 42 percent compared with the same period in 2019.

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It further said it is assessing opportunities in China that are aligned with its strategic business objectives and strengths.

It follows on from the two companies' extensive collaboration since 2011, when Surrey Satellite Technology Ltd agreed to build three new satellites for Twenty First Century Aerospace Technology Co, China's largest independent commercial satellite operator, to use for seven years, for 110 million pounds.

It also proposed that the majority of directors, including the chairman of the board, be independent, outside directors and that the role of company chairman be abolished.

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It also clinched a 7 million deal to supply 282 rail coaches to the Los Angeles Metro network last month.

It also issued the National VI standard for exhaust emissions - the strictest in the world - which could cut emissions by 90 percent from the National I standard, Liu said.

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Ironically known as "China's fifth great invention" (after the historical paper-making, the compass, gunpowder, and printing), memes are now an inherent part of Chinese people's daily lives. It's almost a little bit weird to talk to your Chinese friends without using memes.

It has donated its 158 MPVs, valued at more than 20 million yuan, to around 10 cities nationwide.