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As the former general manager of Shanghai General Motors, Ding said that it's not difficult to produce a car, but it is difficult to lay out the future of human mobility.

As the US financial system deregulated, more than half of the local banks that had financed local companies went out of business－either by failing or by being absorbed into a few big banks. Actually, deregulation is the wrong word: the big banks were allowed to compete nationally, but many new regulations and reporting requirements were so expensive that small local banks could not cover the legal or information technology costs.

As the equipment might be relatively expensive, with the cost of some surpassing 10 million yuan (.5 million), it is crucial to conduct a matchmaking meeting in advance to realize transactions during the CIIE, said Wang.

As the year 2018 marks the 40th anniversary of China's reform and opening-up and also the 10th anniversary of the establishment of a strategic partnership between China and South Korea, this event is expected to provide new and greater opportunities for economic and trade cooperation between Beijing and Seoul, as well as the rest of Asia, the organizer said in a statement.

As the country moved to enhance support for the real economy, Shanghai-listed companies in the real economy reported revenue growth of 13 percent and profit growth of 25 percent, much faster than the 7-percent revenue and profit growth of financial companies there.