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As an old Chinese saying goes, a commitment, once made, should be delivered. Boosting development in the Asia-Pacific requires real actions by all of us members. As the world's second largest economy, China knows fully well its responsibility. Over the past five years, we have taken proactive steps to adapt to, manage and steer the new normal of China's economy and deepened supply-side structural reform. As a result, China's economy has maintained steady performance, and we are pursuing better-quality, more efficient, fairer and more sustainable development. Over the past four years, China's economy has grown by 7.2% on the average annually, contributing over 30% of global growth. China is now a main driver powering global growth.

As Zhejiang lowered the toll fees for international standard container vehicles in March last year, the company has seen the cost for such vehicles reduced by 10 percent year-on-year, which is quite important for a public company.

As for the future of digital payments given the ongoing pandemic, Manalang said: "Now more than ever, fintech will play a big part in defining a new normal in the midst of a public health crisis."

As detailed measures are expected to be rolled out soon, downward pressure on the industry is likely to be eased, said Chen Shihua, assistant to the secretary-general of the CAAM.

As Qoros enters a new stage of development, Liu has charted out a dual strategy featuring both gasoline-powered cars and new energy vehicles.