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As a benchmark for NEVs, the Model 3 will help drive the innovation and upgrading of domestic suppliers, according to a report by Minsheng Securities.

As central authorities have made curbing financial risks an economic priority, SASAC has put the capital structure, financing leverage, investment and risk of central SOEs under greater scrutiny in recent years.

As for who Bezos looked up to during his own upbringing, the 49-year-old spoke about his grandfather, a retired Atomic Energy Commission manager. Growing up, Bezos spent summers at his grandfather’s ranch in South Texas, often the “hottest spot in the nation,” as Bezos described.

As a 5,000-year-old civilisation that has famously contributed, among numerous ideas and innovations, the "four great inventions", a phrase coined by British sinologist Joseph Edkins to refer to paper-making, the compass, gunpowder and movable-type printing, China has continued to make major breakthroughs in innovation in modern times. Since the founding of the New China, especially since reform and opening up, China has contributed most notably artemisinin (anti-malaria medicine), synthetic insulin and hybrid rice, and is leading the world in the new round of scientific revolution featuring artificial intelligence, electric vehicles and 5G communication technology.

As an expert in guiding Chinese companies in their bid to go global, Bohai Capital has also conducted business under the Belt and Road Initiative to enhance Chinese enterprises' competitiveness in global markets.