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Among the 500 firms, 431 reported R&D data. Their combined R&D spending totaled 1.08 trillion yuan, with the ratio of R&D expenditure to operating revenues rising to a historic high of 1.61 percent.

Amazon’s growth is evident at?its Seattle headquarters in the South Lake Union neighborhood, where construction?cranes dot the landscape soon to be filled with multiple?new Amazon?buildings. The company employs?24,000 workers in the state of Washington and?estimated last month that its economic impact came?out to?about billion in Washington last year.

Among them, exports of knowledge-intensive services rose by 9.7 percent to 512.87 billion yuan, accounting for 56.2 percent of the total. Intellectual property payments, insurance services, telecom computer and information services maintained faster growth, with year-on-year growth of 37.2, 18.7 and 15.2 percent respectively.

Amazon’s other food-related businesses include Whole Foods grocery delivery; AmazonFresh; and AmazonFresh Pickup. The company surprisingly shut down its restaurant delivery business last month. It entered the brick-and-mortar retail space in 2015, two decades after the e-commerce behemoth originally launched.

Amid the pandemic, we understand that the Greater Bay Area can bring us good business opportunities. More overseas tourists can visit Guangzhou, Shenzhen, Macao, and Hong Kong, he said.