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Apart from the EV sector, Gu also said he thinks there is much potential to dig in the country's market for industrial robots.

Another leading firm Kweichow Moutai saw its net profit soar 26.56 percent year-on-year in the same period to reach 19.95 billion yuan. Its sales revenue stood at 39.49 billion yuan. In 2018, the company produced 49,700 metric tons of Moutai liquor, and 20,500 tons of Moutai series wine.

Another example of these differences is that the gap in employment participation rates between men and women is narrowing in developing and developed countries while it continues to widen in emerging countries.

Apart from offering insurance coverage for families, the insurers planning to develop family accounts will also build a platform in providing such services as healthcare, parenting and elderly care through cooperation with external institutions.

Apart from limiting the amount of homework, the guideline also limits the time and difficulty of school exams, forbids schools from making grades and class rankings public and prevents after-school training institutions from engaging in exam-oriented training or hiring teachers from public schools.