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As a consequence, Webasto is scheduled to open its 10th Chinese factory in Guangzhou in south China on Wednesday and will begin constructing its 11th one shortly thereafter. Last year, the company produced 6.2 million roofs for German, South Korean, Japanese and American car makers in China.

As a result of the price hike in manufactured products and an improvement in industrial enterprises' profitability, fiscal revenue growth has accelerated in the third quarter, said the official.

As a dark blue locomotive hauling a long line of green rail cars from Baotou, the Inner Mongolia autonomous region, pulled into the station, passengers flocked to the windows to take pictures.

As a result, end-user spending on wearable devices is expected to reach billion in 2019, with .2 billion of that amount on smartwatches, Gartner added.

As a high-tech enterprise integrating production, research and development and sales, HSG Laser products are being widely used in the auto industry and in electrical engineering. "With its compelling technological innovation and product quality, HSG Laser has its intelligent laser equipment operating in more than 100 countries and regions. And its sales volume is expected to achieve double-digit growth this year," said Ouyang Zhanfei, director of investment at HSG Laser. HSG Laser is stepping up its efforts to expand in overseas markets. Following setting up a marketing subsidiary in Germany, the company plans to establish a research and development subsidiary in Japan and a marketing center in Vietnam in 2019, according to Ouyang.