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Another 18 billion yuan will be saved for power users through a reform that promotes market-oriented pricing for power sale, he said.

Apart from performance, Chinese brands have also optimized their after-sales services. Redmi, a sub-brand of Xiaomi, was the first in the industry to offer an 18-month guarantee. Insiders said that this reflected the brand’s confidence in its products, which would help it gain more customers.

Apart from the US, key pork exporters like the European Union and Brazil are also expected to ship more meat to China this year as the ASF outbreaks curb production, according to Rabobank.

Another Shenzhen-based developer Shum Yip Group Ltd owns 10 projects covering Shenzhen and Hong Kong, while China Merchant's Shekou Holdings runs a total area of 610,000 square meters of long-term rental houses in Shenzhen.

Anthony Fauci, MD, Director, National Institute of Allergy and Infectious Diseases, National Institutes of Health, looks on before testifying at a US Senate Senate Health, Education, Labor, and Pensions Committee Hearing to examine COVID-19, focusing on an update on the federal response at the US Capitol Washington, DC, US, Sept 23, 2020.[Photo/Agencies]