In the face of China's rapid growth of electric mobility, Volkswagen Group is revving up its investment in the electrification shift in a bid to expand its presence in the Chinese market.
Hainan, a tropical island province in southern China, is experiencing a meteoric rise as a global duty-free shopping destination, attracting a record number of investors and brands to its annual consumer products expo.
Some Western countries have lately accused China of "overcapacity," which is typical double standard, Ministry of Commerce spokesperson He Yadong said on Thursday.
