Yet industry insiders are optimistic about the sector's prospects.
Yu Chengdong, CEO of Huawei's consumer business group, said the company has sold more than 10 million units of smart watches so far this year, and it is likely to become the world's top smart watch vendor soon.
Yu, from CASS, said the government is shifting the focus of its efforts from simply providing enough drinking water for rural residents to guaranteeing the quality of the water.
Yet some industry insiders warn against too much optimism, worrying that Chinese automakers may lose ground to foreign rivals when subsidies, which are eligible only to Chinese cars, stop by 2020.
Yuki Chen, regional director of Michael Page China, said there has been an outburst of contractors in the fourth quarter of this year. As she explained, when there are economic uncertainties, companies will be more cautious in investing in full-time jobs.
Yoshiaki attributed the tie-up with Tencent to the latter's "holistic cycle of customer engagement", which means not just the e-shop but other functions like a status-sharing function Moments, public accounts where brands push their content to subscribers, as well as customized ads pinpointing certain customer groups.
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Yet ignoring the vote of no confidence in the course she has chosen that was delivered in the recent local elections on the island, there was no indication throughout Tsai's New Year's address on Monday that she has any intention of changing tack.
Yesterday, my two-year-old son and I did a little investigative reporting. Our goal? Find the Seattle area 7-Eleven housing Amazon.com’s new delivery locker system.
Yu said the Regional Comprehensive Economic Partnership and a trilateral free trade agreement will attract most public attention in the upcoming leaders' meeting.
Yet when Geely paid .8 billion to buy Swedish automaker Volvo from US auto manufacturer Ford in 2010, many Western media outlets expressed doubts and fear, viewing the Chinese firm's takeover as an opportunistic move at the height of the euro debt crisis.