The company is now investing in a large new energy bus industrial project in Guangzhou, with an investment of 2.5 billion yuan (.24 million).
The competition among online retailers will focus on logistics, supply chains and new technologies, Cao said, adding that e-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies.
The company spent 100 million yuan ( million) last month in a cab fare compensation scheme and plans to match that this month.
The company noted that none of the California verdicts has been considered by an appeals court and that the US Environmental Protection Agency considers the weed killer safe.
The company is already aiming to outperform domestic counterparts in five years, he said.
The company now seeks more opportunities in areas other than infrastructure to get more involved in the deepening cooperation of China and Ethiopia. Wen says CCCC also plans to invest in the country's agriculture sector, including growing crops and processing them.
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The company's efforts to improve the environment include pasture and farming operations, and vineyard work, which have increased locals' incomes.
The company said it believes approvals from NMPA will soon be granted.
The company will appeal a Court of Federal Claims ruling that rejected its attempt to get back into the running against Amazon and Microsoft for the JEDI (Joint Enterprise Defense Infrastructure) cloud contract. It’s the latest twist in the competition for the billion, 10-year contract to migrate the Pentagon’s computing infrastructure and data to the cloud.
The company's executives said the technological breakthrough was made thanks to the painstaking efforts of researchers, engineers and workers.