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"By virtue of the Belt and Road Initiative, TCL has accelerated its globalization in European countries through establishing factories and cooperating with local partners to gain more market share in Europe," said Liang Zhenpeng, a consumer electronics analyst.

"By 2020, the market scale of the country's intelligent connected vehicles sector is expected to exceed 100 billion yuan (.5 billion)," said Minister of Industry and Information Technology Miao Wei at the World Intelligent Connected Vehicles Conference held in Beijing from Oct 18 to 21.

"But, to be clear, we do not see a recession in the near term. In fact, we expect some pickup in growth in the second half of 2019 and into 2020," she said, adding that the growth is set to benefit from the now more-patient pace of monetary normalization by major central banks led by the US Federal Reserve and "from increased stimulus, in China for example".

"China is ready to work with Zambia to uphold the fine tradition of friendship and cooperation, promote bilateral ties in a strategic and long-term perspective, and continue to show mutual understanding and support each other on issues concerning the core interests and major concerns of the two countries," he said.

"CRRC has built a state-of-the-art passenger railcar manufacturing facility on the South Side of Chicago. It employs approximately 100 people, including well-paid union workers. CRRC expects to hire approximately 100 more workers in the coming year. At the end of the day, the reality is rather simple. CRRC is building passenger railcars in America, by Americans, for Americans."