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In another surprise twist, Amazon said it will also put a new “Operations Center of Excellence” in Nashville, Tenn., promising 5,000 jobs and more than 0 million of investment.

In face of the economic challenges, analysts expect the main policy objectives for next year to be on maintaining growth and stability. At the same time, economic rebalancing is making steady progress, with private consumption and services playing a much bigger role in the overall growth.

In another deal, Volkswagen would pump the remaining 1.1 billion euros into Gotion High-tech Co Ltd, a Hefei-based manufacturer of electric batteries, becoming the latter's largest shareholder.

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In addition, the mixed-ownership reform, which diversifies the shareholding structure of SOEs, will take off in the second half of the year.

In addition, the role of the insurance industry in underwriting risk and investing with a long-term horizon cannot be underemphasized. A financial market system where long-term investors are empowered to fund the real economy and access private capital markets is less prone to "pro-cyclicality". A sound financial market system contributes greatly to sustainable economic growth, economic resilience and improving living standards.

In contrast, the growth of department stores has been constrained in recent years. One major reason was the rapid development of supermarket chains, convenience stores and online shopping platforms.

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In an interview with China Daily, Liu shared his insights about the fast-changing Chinese market and how to keep pace with China.

In conclusion, there is no more urgent time to solve climate change, and we have all the tools we need to create a new reality. In particular, I call on all young people to take a stand and advocate for more ambitious climate action and sustainable living. Let us join hands and use this as an opportunity to strive for a healthy, prosperous and sustainable future for all.

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In breakdown, investment in the primary industry stayed unchanged from the same period last year, while that in the secondary and tertiary industries went down 11.8 percent and 3.9 percent, respectively.

In an earnings call in March, Li said the gross margin will turn positive in the second quarter and reach a two-digit level by the end of the year, as the carmaker has been optimizing the supply chain, winning a better deal with battery producer CATL, and reducing manufacturing costs by ramping up production.