In August, Cambricon announced it had raised 0 million in series A funding, led by SDIC Chuangye Investment Management, a subsidiary of China's State Development and Investment Corp.
In 2016, the new economy accounted for 14.6 percent of the national economy, and job opportunities in the sector represented about 10 percent of the country's total, the Green Book said.
In April, GAC Motor sold 27,000 units of passenger cars, 40.4 percent down year-on-year. While Haima Motor sold 2,650 units, a decrease of 72.2 percent from the previous year.
In August 2017, Wei was dismissed from his public position and expelled from the Party. His criminal case was sent to the prosecuting department for investigation.
In 2018, Shanghai Pudong International Airport handled 74 million passengers and 3.77 million tons of cargo and mail, the country's second busiest.
In 2016, the national high-speed rail system reached Kunming. In addition, rail lines linking the city to Laos, Vietnam and Myanmar are under construction.
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In 2017, the company recorded 200 million yuan of sales across its product categories, up 10 percent from the previous year.
In April this year, the Ethiopian Prime Minister Abiy Ahmed had also visited the China Academy of Space Technology to inspect Ethiopia's 70kg Multi-Spectral Remote Sensing Satellite ETRSS-1, during his stay in China when he attended the second Belt and Road Forum for International Cooperation that was held from April 25 to 27 in Beijing, capital of China.
In 2018, China lifted 13.8 million people in rural areas out of poverty, with the number of impoverished rural residents dropping from 98.9 million in late 2012 to 16.6 million by the end of last year.
In 2016, the company established a cooperative relationship with Chinese e-commerce heavyweight JD and US retail giant Walmart. The two companies have also become one of its strategic investors.