The company's products, colored ribbons and bows, sell well in the Indian market. Merely by creating jobs, the Chinese-run Ribest presents a miniature version of mutually beneficial economic cooperation between China and India, and contributes to local economic empowerment by changing the lives of many women.
The company said it has launched a multi-language site to translate some of the most successful online novels in China for overseas readers as it aims expand its multibillion-yuan business globally.
The company's share price gained 0.55 percent to 12.77 yuan Tuesday.
The company said in a reply to China Daily that "China Mobile is not involved in the (investment) project."
The company's export orders are likely to be slashed by 90 percent in the first half of 2020, and no signs of new orders for the second quarter have prompted Li to take some belt-tightening measures.
The company's claimed investment projects were found to have no profitability, resulting in a huge capital gap that prevented it from repaying investors' principal and interest. Last September, 53 people in the company were transferred for examination and prosecution.
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The company started to run intelligent production lines in March 2018, which have improved the company's productivity by more than 30 percent and reduced costs by more than 25 percent, said a corporate source.
The company's pollutant emissions continued to decline, and chemical oxygen demand emissions, ammonia nitrogen, sulfur dioxide and nitrogen dioxide emissions decreasing by 5.7 percent, 13.6 percent, 8.5 percent and 7.6 percent, respectively, compared with that in 2018.
The company will promote wider international use of RMB, and increase connectivity between the Chinese financial industry and the international market as well as financial institutions, said Raes.
The comprehensive application of smart new technologies such as self check-in, self baggage check-in, and facial recognition in security checks will greatly contribute to making the new airport a smart one, according to the Civil Aviation Administration of China.