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As one of the most successful private carmakers in China, Geely has been spending heavily to sharpen its competitive edge. Its research and development expenses in 2018 totaled 21 billion yuan, accounting for 6.4 percent of the group's total revenue in that year. Over the past decade, it has invested over 100 billion yuan in research and development. It has also established five major research and development facilities, employing up to 20,000 engineers.

As of the end of October, the Shanghai Hong Kong Stock Connect has supported international investors in trading 3.35 trillion yuan (9 billion) of shares listed in Shanghai.

As of this month, more than 1,000 employees from over 100 catering service providers in Beijing have worked in Wumart stores, the supermarket chain said.

As one of the influencing factors, the ongoing trade negotiations between China and the US will continue to affect the yuan, Taylor said.

As of Wednesday, 106 international flights carrying 24,651 passengers bound for Beijing have been diverted to 12 designated airports, Ma Bing, chief of the operation monitoring center under the Civil Aviation Administration of China, said on Thursday.