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Ap - The Japan News/ann

Another challenge is to find the right balance between government intervention and letting markets play a decisive role. Substantial progress has been made over the past two years; for instance, with reducing excess industrial capacity and the housing overhang, and government intervention played a critical role here. However, it is also broadly accepted that well-regulated and competitive markets are critical for increasing economic efficiency and productivity. This is exactly what China needs to achieve a high-income economy in the coming years.

Another user going by the name Hundecaitang also commented under Eleme's statement that instead of asking customers to wait, it would be better to optimize the platform's system.

Another high hope for the alliance is finding a solution for the city's beleaguered youngsters, Tung said.

Another highlight of the Volkswagen's CIIE booth is the pure electric vehicle e-Golf, a new vehicle that hit the market in March, with the aim of promoting e-mobility in China.