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The company, co-established by Germany, France, the UK and Spain, announced on Tuesday it would cut approximately 15,000 positions across Airbus' global workforce no later than summer 2021.

The complex, with a total investment of about billion, will be built in two phases. The first phase, with an ethylene cracker and downstream production equipment, is scheduled to be completed by 2023 when construction on the second phase will begin.

The company set up its Asian headquarters and production base in North China's Hebei province as China is an attractive market, said Li.

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The company?claims?in its news release, “Amazon Fire TV now has more channels, apps, and games than any other streaming media player, and continues to have the fastest growing selection—now up 17x since the launch in April 2014.”

The compound annual growth rate of revenue for MGI has exceeded 200 percent in the last three years and occupied one-third of the domestic market. Other major players are US-based Illumina and Thermo Fisher.

The company said, by the end of 2023, the staff in Audi China's research centers will rise to 650 from the current 280. The R&D teams will focus on areas such as automatic driving, digitalization and new energy vehicles.

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The company is cooperating with local partner 21 Vianet Group Inc to offer cloud services in China. The deal allows Microsoft to comply with local regulations, which only allows Chinese companies to run data centers in the country.

The composite Caixin PMI, which combines manufacturing and services indexes, was 53.7 in January, up from 53 in December, the highest in seven years. Analysts said it is an indication of stable growth in the world's second-largest economy.

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The company's latest fiscal report showed that TAL has generated a revenue of .715 billion in 2018 fiscal year, which was an increase of 64.4 percent year-on-year.

The company made the statement during a briefing on preventing COVID-19 and the resumption of work in Guangdong province that local authorities held on Wednesday.