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Given its local market-based technology, G-Net's core products, teleconference services and online conference solutions are proving to be popular among foreign companies operating in China. Over 350 Fortune 500 companies such as GE, Bayer and Abbott figure among G-Net's clients.

General Motors Co and the United Auto Workers, or UAW, on Monday entered the fourth week of contract negotiations since the union began a national strike against the automaker 22 days earlier.

George Mendonsa holds the iconic photo at his home in Rhode Island in 2012. PATRICK RAYCRAFT / GETTY IMAGES

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Global management consultancy Bain& Company attributed the negative sales growth of luxury products in Hong Kong to the ongoing protests. According to Bain's 18th edition of the Bain & Company Luxury Study, the consumption of luxury goods in Hong Kong fell by 20 percent in 2019 to 6 billion euros (.71 billion).

Global sourcing is believed to raise production efficiency and save on costs. But manufacturers retain control over key technologies.

Gerri Martin-Flickinger, Starbucks’ CTO. (Starbucks photo)

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Given the slower economic growth (6.1 percent) and the more than 2 trillion yuan (8 billion) in tax and fee cuts last year, the government's revenue growth fell to 3.2 percent－the lowest in a decade, and missed the annual target. Most of the Chinese regions have lowered their GDP growth targets for this year, according to news reports.

Given the scope of the damage to labor markets, the report also warned that the overall size of the fiscal response in the region has been insufficient, especially in the region’s developing economies.

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Ghani did not give details where and when the swap of the prisoners will take place, saying the exchange would be on conditions for safe release of the professors.

General Motors is one of the first carmakers to develop the V2X technology in China.