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Xu said: "It is expected that the NEV sales will maintain steady growth in the second half of this year.

Yang suggested the government further reform to fix the mismatch in resource allocation, to enhance economic resilience.

Yang also said that the principle of "one country, two systems" is the best institutional arrangement for maintaining long-term prosperity and stability in the SAR.

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Yang has one thing that he has treasured for decades. It is an iron lantern with a glass shade handed down to him from his father Yang Zaineng. The lantern is now being showcased at Gongcheng Academy in the county seat.

Yan was an automation major at the University of Science and Technology Beijing from 1960 to 1965. After graduation, she became an equipment operator at a company making aluminum products.

Yale Zhang, managing director of Shanghai-based consulting firm Automotive Foresight, said Tesla's Shanghai plant sends another clear signal of the country's intent to further open up to the world. "China said it and has kept its word."

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YMTC is part of Tsinghua Unigroup's broader ambition to build a sprawling semiconductor empire. Tsinghua Unigroup in 2013 acquired Spreadtrum Communications Inc, then the world's third-largest mobile phone chipmaker. Later, it also bought RDA Microelectronics Inc, then the world's fourth-largest chipmaker.

Xuzhou Construction Machinery Group employees work on an assembly line in Xuzhou, Jiangsu province, on Oct 8, 2020. [Photo by Yang Bo/China News Service]

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Yan Yuejin, director of E-house China Research and Development Institution, a Shanghai-based real estate information and research services provider, said: "The price fluctuation represents the price changes of commodities; so, when the cost of fuel rises, home prices go up, and prices of all the raw materials used in construction also rise."

Yang Yuanqing, a deputy to the 13th National People's Congress and chairman of Lenovo Group Ltd, said 5G will play a direct role in fueling the development of China's digital economy and it will ignite a creativity boom among all industries.