He said companies planning to invest in those industries should be cautious.
He said a typical two-bedroom condo is 1,400 square feet, which cost .2 million at a price closer to ,000 per square foot in some cases. The most expensive apartment on Billionaire's Row – the ultra-luxury residential skyscrapers constructed or in development on West 57th Street -- sold for about 0 million.
He said in terms of finance, three important issues proposed by German finance ministry and central bank - resilience of the economy, promotion of investment, especially in Africa, and digitalized economy - are extensions of last year's Hangzhou summit, and are supported by China and other G20 members.
He said China has been underestimated time and again. In the relatively short time frame since its opening-up only 40 years ago, China has managed to double its economy in size every decade, and in purchasing parity terms is now the largest economy in the world.
He recalled that though orders nearly doubled every year, BYD did not have much collateral to take out a loan for factory expansion. It was the local government that stepped in to rescue Wang at that time with a timely guarantee that enabled BYD to secure funding.
He said 272,000 farmer-benefiting information centers had been established nationwide by the end of 2018, providing information services, policy inquiry and IT skill training in rural areas.
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He said China's ambitious green energy plans are part of "an energy mix that is going to be required so that we don't double oil demand".
He said China will continue to support and provide the best to Sri Lanka. "China will always stand up for Sri Lanka even during difficult times," the ambassador said.
He said that in talking with American business leaders and participants, he is "aware that US companies still give much priority to the Chinese market with enthusiasm, despite the current China-US trade frictions".
He said that Li Yundi is the first Chinese pianist to win the award.