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Young entrepreneurs and talent individuals in Shenzhen, Guangdong province played a vital part in restoring the local economy to strength and helping in the global fight against the COVID-19 pandemic, according to speakers at a seminar in Shenzhen on Friday.

Youth development has been one of the strongest elements of the first year of Chief Executive Carrie Lam Cheng Yuet-ngor's administration.

Yuan said the plan was "good and timely".

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Yu reiterated the importance of adherence to the leadership of the Communist Party of China (CPC), which he said was the solid core to unite and lead people from all ethnic groups, and firmly sticking to socialism with Chinese characteristics.

Yu Zhongqiu, vice-president of Vision Overseas, part of New Oriental Education and Technology Group, said overseas universities with a large number of Chinese students also have begun to employ Chinese or those who can speak Chinese in their career centers.

Yin Xiaoli, deputy secretary-general of the CCMA, said the excavator segment will continue to grow robustly in the second half of this year, thanks to China's ongoing railroad, highway and airport projects in lower-tier cities, as well as urbanization.

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Yu said the market is so big that many audio content providers are striving to tap into it. But only a few appear to be quality-conscious, he said.

Yet companies still see opportunity to use technology and the internet for grocery, particularly since the median expenditure per U.S. household on food was 5 per week in 2007, according to Gallup. Amazon, whose grocery ambitions date back to its launch of AmazonFresh in 2007, made that clear when it ate up Whole Foods for a whopping .7 billion last year.

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Yum China, spun off from owner Yum Brands! Inc in 2016 and later listed on the New York Stock Exchange, did not have any immediate comment. Hillhouse and Baring did not immediately respond to a request for comment.

Yixia said it will invest 1 billion yuan to support Chinese short video creators. It has already raised 0 million from its latest round of funding by undisclosed investors.