They need to diversify the economy.
他们要使经济多元化。
Huawei has been
diversifying beyond hardware.
华为一直在硬件之外的领域进行多元化经营。
The company has also been diversifying energy resources and incorporating renewable options to enhance overall sustainability.
该公司还一直在使能源资源多样化，并纳入可再生能源选项，以增强整体可持续性。
CNPC said it has also been stepping up efforts to diversify its gas resources, including developing domestic gas, imported pipeline gas and imported liquefied natural gas.
中国石油天然气集团公司表示，该公司还加大了天然气资源多元化的力度，包括开发国内天然气、进口管道天然气和进口液化天然气。
Moreover, the country is also striving to diversify its energy mix for winter heating to accelerate the energy sector's low-carbon shift, including nuclear energy, which has already been applied as an alternative energy resource for heating in China.
此外，中国还努力实现冬季供暖能源结构的多样化，以加快能源部门的低碳转型，包括核能，核能已被用作中国供暖的替代能源。
In September, Pop Mart opened its first theme park in Beijing to diversify its business categories as it has vowed to become the Chinese answer to Disney.
今年9月，Pop Mart在北京开设了第一家主题公园，以实现其业务类别的多样化，并发誓要成为迪士尼的中国对手。
In addition to diversifying its portfolio with ramyeon (Korean-style instant noodles) to align with the increasing trend of health-conscious choices in China, the Seoul-headquartered company plans to invest in expanding its range of additive-free frozen food in China.
这家总部位于首尔的公司除了将其ramyeon（韩国式方便面）的投资组合多样化，以适应中国日益增长的健康意识选择趋势外，还计划投资扩大其在中国的无添加剂冷冻食品范围。
The company, a subsidiary of China National Petroleum Corp, has been stepping up efforts in diversifying its gas resources, including domestic gas, imported pipeline gas and imported LNG.
该公司是中国石油天然气集团公司的子公司，一直在加紧努力使其天然气资源多样化，包括国内天然气、进口管道天然气和进口液化天然气。
The company, he said, will step up investment in research and development capabilities and digitalization in China to support seamless, traceable and responsible supply chain management, while expanding and diversifying the downstream of the value chain to offer consumers premium and value-added products.
他表示，该公司将加大对中国研发能力和数字化的投资，以支持无缝、可追溯和负责任的供应链管理，同时扩大价值链下游并使其多样化，为消费者提供优质和增值的产品。
The company has hired 100 mainland flight attendants this year for the first time, in an aim to diversify its cabin crew members with the ability to speak mandarin, with more than 2,000 candidates filing applications.
该公司今年首次雇佣了100名大陆空乘人员，旨在使其客舱乘务员多样化，使其能够说普通话，有2000多名候选人提出申请。
At the same time, the company is also striving to diversify its natural gas import channels and step up efforts in upstream exploitation and exploration to further tap domestic gas potential and ensure gas supply security for the upcoming heating season.
同时，该公司还努力实现天然气进口渠道的多元化，并加大上游开采和勘探力度，以进一步挖掘国内天然气潜力，确保即将到来的供暖季的供气安全。
As one of the top four instant noodles producers, Baixiang Food has made a lot of efforts in diversifying its products and making the brand more popular with young people.
作为四大方便面生产商之一，百想食品在产品多样化和品牌更受年轻人欢迎方面做出了大量努力。
"Diversifying global PV supply chains will, therefore, come at a substantial cost, though not an unaffordable one in terms of capex (capital expenditure).
“因此，全球光伏供应链的多样化将付出巨大的成本，尽管就资本支出而言并非负担不起。
Short-video app TikTok, owned by Chinese tech company ByteDance, has officially launched its e-commerce service — TikTok Shop — in the United States after months of testing amid a broader push to cultivate tech-savvy young consumers and diversify revenue sources.
中国科技公司字节跳动旗下的短视频应用TikTok经过数月的测试，已在美国正式推出其电子商务服务——TikTokShop，以培养精通科技的年轻消费者并实现收入来源多样化。
It also plans to open a mall in Shanghai in 2024 besides launching a distribution center in Tianjin to expand its footprint and diversify the functions of its offline stores.
除了在天津设立配送中心外，该公司还计划于2024年在上海开设一家商场，以扩大其足迹并使线下门店的功能多样化。
An analyst said major oil and gas companies in China have been expanding domestic production in recent years while acquiring interests in oilfields elsewhere, as the country has been bolstering energy security by diversifying procurement.
一位分析师表示，近年来，中国的主要石油和天然气公司一直在扩大国内产量，同时收购其他地方油田的权益，因为中国一直在通过多样化采购来加强能源安全。
Liu Young-way, chairman and CEO of Foxconn, denied that Apple planned to move its supply chains out of the Chinese mainland, amid growing concerns that Apple is diversifying its supply chains by investing in other countries and regions, and may relocate factories to India.
富士康董事长兼首席执行官刘扬威否认苹果计划将其供应链迁出中国大陆，因为人们越来越担心苹果正在通过投资其他国家和地区来实现供应链多元化，并可能将工厂迁至印度。
Upbeat about the Chinese market, Campari Group, a major player in the global spirits industry, plans to further expand its market presence in the country in the coming years, as local demand continues to grow and diversify, said a senior executive.
一位高管表示，随着当地需求的持续增长和多样化，全球烈酒行业的主要参与者Campari Group对中国市场感到乐观，计划在未来几年进一步扩大其在中国的市场份额。
"Attracted by China's lucrative and huge market, global companies have been diversifying and accelerating their investment efforts in the country.
“在中国利润丰厚且巨大的市场的吸引下，全球公司一直在实现多元化，并加快在中国的投资步伐。
The new agreement aims to optimize the SAF supply chain by diversifying sources and enhancing SAF production toward a goal of using 10 percent of SAF by 2030 globally, Airbus said.
空中客车公司表示，新协议旨在通过多样化来源和提高SAF产量来优化SAF供应链，以实现到2030年全球使用10%SAF的目标。
Oliveira said that as a maker of sliced cheese and ketchup, the company has three major targets in China — becoming the number one Western sauce brand, strengthening and diversifying its Chinese sauce portfolio and becoming a competitive food service provider by targeting customers with customized products and solutions.
奥利维拉表示，作为切片奶酪和番茄酱的制造商，该公司在中国有三个主要目标——成为西方酱汁的头号品牌，加强和多样化其中国酱汁组合，并通过定制产品和解决方案瞄准客户，成为有竞争力的食品服务提供商。
Food consumption is rising and the types of foods purchased are diversifying.
食品消费正在增加，购买的食品种类也在多样化。
Saudi Arabia is China's top crude supplier, while China is also central to Aramco's strategy to diversify into more specialized high-value chemical products and less carbon-intensive hydrocarbon usage at the same time, Lin said.
林说，沙特阿拉伯是中国最大的原油供应国，而中国也是阿美石油公司多元化战略的核心，该战略旨在向更专业的高价值化工产品和碳密集度更低的碳氢化合物使用领域发展。
French retailer pushes innovation for diverse products on consumer demandFrench sporting goods retailer Decathlon is upping the ante in China's sports market as local consumers' pursuit of healthier life-styles is increasing and diversifying.
法国零售商根据消费者需求推动多样化产品的创新法国体育用品零售商迪卡侬正在加大在中国体育市场的赌注，因为当地消费者对更健康生活方式的追求正在增加和多样化。
An analyst said when put into operation, the project will supply high-quality LNG to Asia and help diversify China's natural gas import channels.
一位分析师表示，该项目投产后将向亚洲供应高质量的液化天然气，并有助于中国天然气进口渠道的多元化。
The investment will expand and diversify BASF's aroma ingredient value chain footprint in Germany and Malaysia and support customers growth opportunities, the news release said.
新闻稿称，这项投资将扩大巴斯夫在德国和马来西亚的香气成分价值链足迹并使其多样化，并为客户提供增长机会。
Chen Tao, an analyst with internet consultancy Analysys in Beijing, said it is an inevitable trend that Chinese online retailers are accelerating their layout in overseas markets so as to cultivate new users and diversify revenue sources.
互联网咨询公司易观（Analysys）驻北京分析师陈涛表示，中国在线零售商正在加快在海外市场的布局，以培养新用户和实现收入来源多样化，这是一个不可避免的趋势。
Chen said Douyin's entry into the local life services sector will help the company diversify its revenue sources and speed up its monetization push.
陈表示，抖音进军本地生活服务领域将有助于公司实现收入来源多元化，加快货币化步伐。
Zenebe said part of the railway's recent successes in its performance is due to its achievements in diversifying its services over the past years.
泽内贝表示，该铁路最近的业绩成功部分归功于过去几年在服务多样化方面取得的成就。
Noting the huge movement of imported commodities from ports in Djibouti to central Ethiopia and exported items from Ethiopia to the rest of the world via ports in Djibouti, Zenebe said the first shipment of vehicles from Djibouti to Ethiopia signifies the EDR's commitment to diversify its transportation services.
泽内贝注意到进口商品从吉布提港口大量运往埃塞俄比亚中部，出口商品从埃塞俄比亚通过吉布提港口运往世界其他地区，他说，从吉布提运往埃塞俄比亚的第一批车辆标志着EDR致力于使其运输服务多样化。
Another 73 percent of the interviewed companies said that linking the world, diversifying their operations and upgrading transformation are the core driving forces.
另有73%的受访公司表示，连接世界、实现业务多元化和升级转型是核心驱动力。
Noting that technology is a strong pillar of Vision 2030, Saudi Arabia's national strategy to diversify its economy, Huang said many of SenseTime's AI solutions have been tested in the Chinese market and its technology can be an enabler to many industries in the Middle East, especially in Saudi Arabia.
黄指出，技术是沙特实现经济多元化的国家战略“2030愿景”的重要支柱，他表示，SenseTime的许多人工智能解决方案已经在中国市场进行了测试，其技术可以推动中东的许多行业，尤其是沙特的许多行业。
"CNOOC said the pipeline will also be connected with liquefied natural gas terminals in Cangzhou, Hebei province, and Tianjin, as well as gas storage tanks of China Oil & Gas Pipeline Network Corp, the country's largest energy infrastructure owner — also known as PipeChina — so as to diversify gas supply in the country.
中海油表示，该管道还将与河北省沧州市和天津市的液化天然气接收站以及中国最大的能源基础设施所有者中国石油天然气管网公司的储气罐相连，以实现中国天然气供应的多样化。
Selfie application company Meitu Inc is banking on the fast-growing paid subscription business and making a foray into the commercial photography, professional design and cosmetics segments as part of the company's broader push to diversify its monetization channels.
自拍应用公司美图（Meitu Inc）正寄希望于快速增长的付费订阅业务，并进军商业摄影、专业设计和化妆品领域，作为该公司实现盈利渠道多元化的更广泛努力的一部分。
Honor said in a statement on Thursday that the company has been concentrating on "diversifying shareholding structure", and "has always adhered to the principle of openness and collaboration".
Honor在周四的一份声明中表示，公司一直专注于“股权结构多元化”，并“始终坚持开放与合作的原则”。
Apart from establishing trading and financial leasing companies in Australia, Japan, Indonesia, Thailand, Vietnam and other countries in recent years, Zoomlion will further diversify its investment portfolio in RCEP-related markets for the next step, said Fu Ling, a delegate to the 20th National Congress of the Communist Party of China, and also the group's vice-president and chief engineer.
中国共产党第二十次全国代表大会代表、中联重科副总裁兼总工程师付玲表示，除了近年来在澳大利亚、日本、印度尼西亚、泰国、越南等国设立贸易和融资租赁公司外，中联重联下一步还将进一步多元化投资于RCEP相关市场。
Food consumption is rising and the types of food consumed are diversifying.
食品消费量正在上升，消费的食品种类也在多样化。
Lin Xihan, who keeps a blog of such toys, said, "I've noticed that more domestic toy brick brands are diversifying their products by innovating for this market, which is expanding rapidly. "
林希涵（音译）在博客上写着这样的玩具，他说：“我注意到越来越多的国产玩具砖品牌正在通过为这个快速扩张的市场进行创新来实现产品的多样化。”
More meaningful are Starbucks' attempts to diversify and optimize its store formats to make them more relevant and convenient for consumers, improving store efficiency.
更有意义的是，星巴克试图使其门店形式多样化和优化，使其对消费者更具相关性和便利性，从而提高门店效率。
According to the company, its revenue from non-PC businesses reached 37 percent, demonstrating that its services-led transformation strategy and persistent investments in diversifying the business have paid off and is driving future growth opportunities.
据该公司称，其非PC业务的收入达到37%，这表明其以服务业为主导的转型战略和对业务多元化的持续投资已经取得了成效，并正在推动未来的增长机会。
The Hangzhou-headquartered company announced on July 26 it would apply for a primary listing in Hong Kongxa0to further expand and diversify its investor base, which would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong bourse.
这家总部位于杭州的公司7月26日宣布，将申请在香港进行一级上市，以进一步扩大和多元化其投资者基础，这将使阿里巴巴成为纽约证券交易所和香港交易所的双重一级上市公司。
Apart from diversifying its strategic product portfolio to meet the growing demands of Chinese consumers, Cottin-Bizonne said that another key project along the way is The Chuan, its malt whisky distillery officially unveiled in Emeishan, a city in Sichuan province, in 2021.
Cottin Bizonne表示，除了使其战略产品组合多样化以满足中国消费者日益增长的需求外，另一个关键项目是the Chuan，其麦芽威士忌酒厂将于2021年在四川省峨眉山市正式亮相。
Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School, said Alibaba should further diversify its business layout by providing differentiated services targeting existing varied consumer groups, and utilize cutting-edge digital technologies to bolster the digital transformation of traditional industries amid mounting competition from domestic rivals.
浙江大学国际商学院数字经济与金融创新研究中心联合主任盘和林表示，阿里巴巴应进一步实现业务布局多元化，针对现有的不同消费群体提供差异化服务，在国内竞争对手日益激烈的情况下，利用尖端数字技术支持传统行业的数字化转型。
State oil, gas giant improves output structure to meet increasing demand for clean powerChina National Petroleum Corp, the country's largest oil and gas producer and supplier, has been optimizing its production structure in recent years to diversify its business to meet the country's growing demand for clean energy.
国有石油和天然气巨头改善了产量结构，以满足对清洁能源日益增长的需求中国最大的石油天然气生产商和供应商中国石油天然气集团公司近年来一直在优化生产结构，以实现业务多元化，以满足中国日益增长的清洁能源需求。
Drink brands diversify products to target consumers' rising health awarenessCoca-Cola, the world's leading beverage maker, has recently rolled out its first ready-to-drink (RTD) herbal tea product on the Chinese mainland as part of its attempts to better adapt to the local market.
饮料品牌使产品多样化，以满足消费者日益增长的健康意识。世界领先的饮料制造商可口可乐最近在中国大陆推出了其首款即饮凉茶产品，作为其更好地适应当地市场的努力的一部分。
"As part of a keynote speech at the conference, Hu said Huawei will step up its push to pursue innovation and help companies go digital and intelligent, as part of its broader efforts to diversify its revenue sources.
胡在大会主题演讲中表示，华为将加大创新力度，帮助企业实现数字化和智能化，这是其实现收入来源多元化的更广泛努力的一部分。
The company has also been investing heavily in clean energy to diversify its business, including in hydrogen.
该公司还一直在大力投资清洁能源，以实现业务多元化，包括氢能业务。
"We can also leverage its training and online technology advantages to diversify into agricultural training online, which can help farmers broaden their knowledge and improve their skills," he added.
他补充道：“我们还可以利用其培训和在线技术优势，多元化地开展在线农业培训，这可以帮助农民拓宽知识面，提高技能。”。
At the same time, Qingdao Port also aims to diversify its power mix by exploring other forms of green energy, such as photovoltaic and wind power.
与此同时，青岛港还旨在通过探索其他形式的绿色能源，如光伏和风电，实现电力结构的多样化。
Mengniu Dairy, a major producer and distributor, became the largest shareholder in Milkground after investing 3 billion yuan in 2020 to take control of the cheese company after several earlier buy-ins as the Chinese dairy giant moved to diversify its product line and cater to Chinese consumers' emerging tastes.
主要生产商和经销商蒙牛乳业在2020年投资30亿元人民币控制了这家奶酪公司，成为了Milkground的最大股东。此前，随着这家中国乳制品巨头开始实现产品线多元化，迎合中国消费者的新兴口味，蒙牛乳业进行了几次收购。
It is also a crucial part of the group's strategy, diversifying its business portfolio to win more major and high-value projects and generate greater value for stakeholders.
这也是该集团战略的重要组成部分，使其业务组合多样化，以赢得更多重大和高价值项目，并为利益相关者创造更大的价值。
As global agri-food systems are facing multiple challenges and increasingly complex risks such as climate change and natural resource degradation, China Grain Reserves Group Ltd (Sinograin), the country's largest grain storage and transportation company, will import 8.4 million metric tons of soybeans from Brazil, Argentina and Uruguay, further diversifying the country's soybean import sources.
随着全球农产品系统面临气候变化和自然资源退化等多重挑战和日益复杂的风险，中国最大的粮食储运公司中国粮食储备集团有限公司（中粮集团）将从巴西、阿根廷和乌拉圭进口840万公吨大豆，使该国大豆进口来源进一步多样化。
Referring to the food security issue, China will diversify import channels, increase imports of agricultural products that meet domestic demand, and adjust and improve a minimum-purchase-price system for rice and wheat, said China's "No 1 central document" of this year.
中国今年的“中央一号文件”提到粮食安全问题时表示，中国将多样化进口渠道，增加满足国内需求的农产品进口，调整和完善大米和小麦的最低收购价制度。
While China is gradually becoming an older society, a similar process has happened in Japan, with individuals planning to diversify their investment portfolios and looking for more opportunities in the global market.
European aircraft manufacturer Airbus said since the outbreak of the COVID-19 pandemic, it has been rebuilding and diversifying its global supply chain and cooperating with more Chinese enterprises, as it has confidence in the manufacturing quality offered by its Chinese suppliers.
The Red Sea New City energy storage project is one of the key highlights of the Vision 2030 blueprint by Saudi Arabia, which aims to reduce the country's dependence on oil, diversify its economy and develop public service sectors such as health, education and infrastructure.
JD and Dada are diversifying their digital solutions to help traditional retailers and brand owners reduce costs, enhance operational efficiency and boost digital proficiency.
An analyst said Zijin Mining has been acquiring offshore assets to boost its output and diversify from gold operations in recent years, and its acquisition of lithium shows the company's move to new energy materials in order to benefit from the strong growth of electric vehicles.
Firm launches expansion blitz in North America to 40 citiesFantuan, one of North America's largest Chinese and Asian food delivery app service providers, revealed an ambitious plan to boost its presence among foreign consumers and diversify its business amid the ongoing COVID-19 pandemic.
For instance, China International Marine Containers (Group) Co, a Shenzhen, Guangdong province-based transportation equipment manufacturer, has built many prefabricated module-themed building and public utility projects across the world to drive growth and diversify its product categories.
One of North America's largest Chinese and Asian food delivery app service providers, Fantuan, revealed an ambitious set of targets that it said will boost its presence among foreigner consumers and diversify its business scope in North America amid the ongoing COVID-19 pandemic.
European aircraft manufacturer Airbus said it has been rebuilding and diversifying the layout of its global supply chain since the outbreak of the COVID-19 pandemic, and is willing to see more Chinese enterprises become its suppliers as it is forming a "vertical integration supply chain in China".
Contemporary Amperex Technology Co Ltd, better known as CATL, unveiled on Thursday one of the world's first sodium-ion batteries, as the battery giant continues to diversify its technical routes to gain a leg up in the industry.
"This would attract more and more companies to diversify their business into areas such as property management and urban renovation. "
In the past decade, the Beijing-Shanghai high-speed railway line has continuously improved its services by raising train speeds, using a flexible ticket pricing strategy and diversifying in-train offerings, said Shao Changhong, the company's general manager.
In addition, we consistently diversify our customer acquisition channels, and the contribution from natural traffic and repeat purchases as a percentage of total FYP continued its upward trend.
Companies spoke extensively of making their global supply chains resilient and diversifying into other markets.
Backed by China's strong industrial and supply chains, domestic companies still have more options to further diversify their market channels overseas, given the accelerating globalization and many economies' demand for building or upgrading infrastructure facilities, said Ma Yu, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation.
China National Petroleum Corp, the country's largest oil and gas producer, said on Thursday that it will further step up its clean energy business layout and diversify its operations to meet the country's growing demand for cleaner fuel.
It also marked the company's latest attempt to diversify offerings for customers wanting a "lighter lifestyle".
The types of products people eat and drink are diversifying.
China National Petroleum Corp, the country's largest oil and gas producer, said on Thursday that it will further diversify its business and expand cooperation to meet the country's growing demand for clean energy.
"The 19 billion cubic meters of Russian gas in the future will further guarantee and diversify gas supplies along the route and intensify already fierce competition in the Yangtze River Delta area, supplied by the West–East Gas Pipeline, Sichuan – Shanghai pipeline and several terminals around the delta. "
"We plan to further diversify our range of offerings in China and bring more quality products 'innovated and made in China' to local consumers, thereby better catering to their upgraded nutrition needs," Chevot said.
"Zijin Mining has been acquiring overseas assets to boost its output and diversify from the gold operations.
Conglomerate to focus on engineering, tech, finance to broaden its prospectsChina Poly Group Corp Ltd, or Poly Group, the Beijing-headquartered, centrally administered State-owned enterprise, will deploy more resources in technology, engineering projects and finance to further diversify its growth pattern during the 14th Five-Year Plan period (2021-25), said its senior executives.
The types of foods people eat are diversifying," said Okajima.
Home appliance manufacturer Galanz Group's acquisition of the Chinese unit of United States' white goods maker Whirlpool will help it to diversify its business, a top company official said.
The acquisition of Whirlpool China is part of our strategy to help diversify brands and promote sustainable business growth," said Liang.
After acquiring a combined majority stake in Japanese kitchen appliance maker Zojirushi in January last year, Galanz has been vying for more brands to diversify its business.
It is also in accordance with a growing trend for Shanghai to diversify its LNG supply mix.
"Russia's Novatek has entered Petronas' Shanghai LNG turf, adding to a growing trend of Shanghai diversifying its LNG supply mix, where currently about 80 percent comes from Petroliam Nasional Berhad (Petronas)'s Malaysia complex," said Cao Lujia, an analyst at BloombergNEF.
Cao said Shenergy is also actively diversifying its LNG sources.
"Our LNG commercial strategy is to diversify our client base and target end consumers in the fast-growing Asia-Pacific region and the LNG volumes produced from our Arctic LNG 2 project are core to our long-term objective of delivering affordable, secure and sustainable natural gas for many decades," Mikhelson said.
"Positioning itself as a leading AI company with a strong internet foundation, the company will use the net proceeds for continued investment in technology, enhancing commercialization of its innovations centered around AI, growing the Baidu Mobile Ecosystem, enhancing and diversifying monetization and general corporate purposes.
Positioning itself as a leading AI company with a strong internet foundation, the company will use the net proceeds for continued investment in technology, enhancing commercialization of its innovations centered around AI, growing the Baidu Mobile Ecosystem, enhancing and diversifying monetization and general corporate purposes, Baidu said in an announcement published on Wednesday on the website of the Hong Kong bourse.
Hence it would be better for these companies to diversify their offerings and generate new revenue streams," he said.
In terms of content, the site is diversifying its portfolio from mostly comics and animation to include many other niche areas.
Jiang Han, a senior researcher at market consultancy Pangoal, said Kuaishou is accelerating its commercialization push by tapping into the burgeoning livestreaming e-commerce segment, which has gained traction in China since the outbreak of COVID-19, in a bid to diversify its business portfolio and compete with Douyin.
It is actively developing additional monetization opportunities to diversify revenue streams through online games, online knowledge-sharing and other products and services.
Li Yangmin, general manager of China Eastern, said KDlink is an example of State-owned enterprises' efforts to diversify their ownership structure with other SOEs and private companies.
"This is one of the latest efforts the company has made to ensure energy security and adequate storage, as the government has pledged to make energy security a key priority in the country's 14th Five-Year Plan (2021-25), with focus on diversifying supplies, developing sufficient storage capacity and infrastructure.
"For brands looking to diversify ad placements away from display ads－knowing fully well that branded content is 22 times more engaging than display ads－Bilibili offers an opportunity. "
The company plans to build a comprehensive musical and cultural industrial town in Lianjiang, a county-level city within Zhanjiang, to help upgrade and diversify its business.
Eager to further diversify its business scope, Liu said the group is looking for opportunities to acquire high-quality nutrition and healthcare businesses in China as the pandemic has further stimulated the market demand in this specific area.
Orion Food Co Ltd of South Korea will diversify its product categories in China to earn a bigger share of the market as China moves to expand consumption, the company's top executive said.
China's leading energy regulator, the National Energy Administration, has made energy security a key priority in the country's new five-year plan, with focus on diversifying supplies, developing sufficient storage capacity and infrastructure and improving logistics.
Backed by China's strong industrial and supply chains, domestic companies still have more options to further diversify their market channels overseas, given the accelerating globalization and many economies' demand for building or upgrading infrastructure facilities, he said.
In realizing food security, China will diversify import channels, increase imports of agricultural products that meet domestic demand, and adjust and improve a minimum-purchase-price system for rice and wheat, according to the document.
The deal is the company's big foray into the heated market of video streaming and aims to diversify its revenue source, the bulk of which comes from ad sales on its core search engine platform.
"This transaction will catapult Baidu into a leading platform for live streaming and diversify our revenue source," said Li.
"We will further diversify our sales channels in China's third- and fourth-tier cities to meet the growing market demand during China's 14th Five-Year Plan (2021-25) period," he said, adding lower-tier Chinese cities, such as Shaoxing in Zhejiang province and Haimen in Jiangsu province, are all having growing demand for its products.