Zheng said hefty price cuts would be given to end-customers to win over the wavering and hesitant potential buyers who don't have strong brand preference or loyalty.
Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said that economic cooperation between Malaysia and China has solid foundations and is based on a consensus on the principles of free trade and a multilateral trading system.
Zhang said that high leverage risks in the SOEs and local governments were due to the outdated system, including soft budget constraint and debt bailout from the central government.
Zhang, from Southeast China's Fujian province, received her master's degree in environmental engineering from Peking University in 2016 and a bachelor's degree from Sun Yat-Sen University in 2013. She was also a research assistant at the Institute of Botany at the Chinese Academy of Sciences for about a year.
Zhang said Shenzhen should continue to carry forward the spirit of reform and innovation in the future. Zhang believes that Shenzhen can achieve high-quality economic development through three steps: first, through the integration of advanced manufacturing industry and modern services; second, through achieving high-end development of modern services; third, through technological innovation.
Zhao Ruxia, director of the GAC International Department, said that the conference would be held once every two years to facilitate global customs cooperation.
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Zhang said the GAC will continue to implement the 20 measures to optimize the business environment for cross-border trade the State Council has put forward earlier this year, including optimizing the process, increasing efficiency and lowering costs.
Zhang said that through the partnership, BYD can become a Toyota battery supplier and expand its battery purchaser list.
Zhao Leji, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the central leading group on disciplinary inspection, made the remarks during a conference on national disciplinary inspection work.
Zhang shook hands with all executive chairpersons before heading out the meeting hall accompanied by Li, amid warm applause.