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As a major stop on the ancient Silk Road, Dunhuang has thrived on tourism since the Belt and Road Initiative was put forward five years ago. According to local authorities, Dunhuang received over 9 million visitors in 2017, a year-on-year increase of 12.3 percent.

As estimated by China International Capital Corp Ltd, the total repayment amount of corporate bonds will hit a record high this year of 6 trillion yuan, up 15 percent from a year earlier. But Liu Yan, deputy research head at Beijing-based China Lianhe Credit Rating, said that there will not be a noticeable increase of corporate bond defaults this year.

As a result, private investment rose 8.8 percent, 11.5 percent and 1.1 percent, respectively in Liaoning, Heilongjiang and Jilin from January to September, including a major 3-billion-euro (.4 billion) investment by German automaker BMW.

As Wong described, the way Yeung treats his employees goes beyond being a boss. "He sends greetings to my mother, wife and daughter all the time. He cares about my daughter's studies at school."

As a global leading auto supplier in driveline and chassis technology as well as active and passive safety technology, ZF has recorded revenue of 36.4 billion euros in 2017, with year-on-year increase of 3.6 percent, according to the annual report released Thursday.