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Yet new investments as well as its growing popularity with customers and China's overall favorable policies for the segment, have helped Nio's stock price surge from the end of May despite some slight road bumps.

Yueshangtong now mainly includes four major columns of policy releases, government services, interaction between government and companies and Guangdong company center, said Lu.

Yin said a huge amount of investment would flow into new energy and more distributed energy usage in the long run as China is launching a new infrastructure campaign to boost sustainable growth.

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Young volunteers put up posters promoting food saving in Suzhou, Jiangsu province, on Aug 12, 2020. [Photo by HUA XUEGEN/FOR CHINA DAILY]

Yu Xinxing, deputy head of the commerce commission of Haidian district, said private companies have contributed greatly to the economy over the past 40 years.

Yu's efforts also coincide with the US government's eagerness to remove some of the Asian carp from the river.

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Yicai said it's possible that Ele.me will be put under Alibaba's CEO Daniel Zhang Yong, and play a role of new retail infrastructure.

Yi Jin Jing

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Ying said last year that a national-level preparatory committee of the exhibition was already established and that the Ministry of Commerce established a CIIE bureau in Shanghai. The invitation of exhibitors and vendors was already in progress.

Yu Jun, the general manager of GAC Motor, said the company has been working since 2016 to have its products meet US safety and emissions requirements.