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Another way is to reduce the rates of medium-term lending facility to guide down the benchmark lending rate (loan prime rate or LPR). These tools aim to support flow of credit, at lower financing costs, to spur economic growth.

Apart from introducing the teaching of the Chinese language in two public universities, the Confucius Institute has also introduced it in 10 government secondary schools and a number of private schools.

Another feature of the new product is the large battery with a capacity of 6020mAh, with support from Qualcomm's Quick Charge 3.0 standard.

Another thing Yu said SAIC has followed is to be part of the markets where it is present, which he believes is crucial to any company's overseas operations.

Another goal is to incubate more than 1,000 industry clusters worldwide. To this end, Juhuasuan plans to establish a new supply center, bridging upstream farmers and manufacturers with e-commerce merchants, while designing promotional campaigns to help them sell to consumers.