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Andy Wang (left), CEO of StarTimes Kenya, exchange signed agreements with Dr Naim Bilal (right), the managing director of Kenya Broadcasting Corporation in Nairobi, Kenya, on Oct 19, 2019. [Edith Mutethya/China Daily]

And on Oct 13, construction of the southern base of China Automotive Technology and Research Center formally began in Zengcheng. The project, which cost more than 1.85 billion yuan, is a base as regional headquarters and a public technology service platform for testing whole cars, automobile parts and new energy cars.

And is there any room for cutting interest rates? The interest rate premium between China and the United States has been maintained at a proper level. And while the US has almost dropped its policy rate to zero, the benchmark deposit and lending rates in China have not yet been changed much.

Andy Edwards, global director of brand and marketing communications of travel booking firm Agoda, also agreed that wealthy Chinese travelers seek adventurous, undiscovered destinations rather than going to common recreational resorts.

An unusual winter holiday By Yang Xiayu, Class 4, Grade 6, No 2 Experimental School affiliated to Shanghai Normal University