The Northeast is attractive because of its large concentration of highly educated young people. New York in particular also offers proximity to Wall Street and already has the second-biggest concentration of tech startups behind the Bay Area and a large base of tech employees, Bartels said.
The PMI figure gauges manufacturing performance. A reading below 50 indicates contraction.
The Nio advanced manufacturing plant in Hefei boasts an exceptionally high automation rate. [Photo provided to chinadaily.com.cn]
The New York Times reported that Trump also said on Thursday that he did not want any nation to be exempted from the order.
The Ministry of Industry and Information Technology predicted in late December that the country's industrial output is likely to grow by around 6 percent this year.
The Ministry of Human Resources and Social Security published the draft guideline on Oct 16 to solicit public opinion.
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The NMC also warned of a tropical depression above waters 205 km east of Manila in the Phillipines early Tuesday, moving northwest at a speed of 15 km per hour.
The PBOC said the cut, the third this year following reductions in January and April, was "a targeted, precision regulation" to boost funding for small and micro firms as well as support the debt-to-equity swap program.
The National Energy Administration said it aims to replace dirtier coal with renewable energy for heating in most heavily polluted cities and regions in the north within five years. Half of China's northern cities will have winter heating powered by clean energy by 2019, replacing 74 million metric tons of bulk coal. Clean energy heating will continue expanding and cover 70 percent of the country's northern cities by 2021, replacing 150 million tons of bulk coal.
The NSW seat of Blaxland, which is held by the ALP, had the strongest opposition to the practice with 73.9 percent voting no.