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"China is determined to make NEVs a success and Volkswagen is determined to make it a success, and I am confident it will happen."

"But my father called me at the time and comforted me by saying: 'Congratulations, you took the first step'," she said.

"But using business operations to lure young people without earnings to support their idols by paying a lot for celebrity-endorsed products or attending promotional events is undesirable," Wang said. "It's an improper marketing event or promotion."

"But most producers don't have enough money for their R&D work. With the support of the fund, domestic suppliers can bring in more advanced technology from abroad through investments, and mergers and acquisitions," Lin added. "This will in effect help domestic companies to grow faster and produce more competitive products."

"China is not only the biggest exporter of manufactured goods, but also a major exporter of intermediates used by factories across the world. It is also a key supplier of materials or components for sectors including autos, shipbuilding, electronics, machinery and textiles," Bai said.