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General Atlantic proposed a complicated pricing model for the round, depending on when and whether Amazon went public, while Kleiner Perkins offered million with no complications. When that round closed, Doerr became a member of the now-formalized board of directors.

Given this situation, lowering auto imports tariffs will benefit foreign countries other than the US, said Li Yanwei, an analyst at China Automobile Dealers Association.

German multinational Merck announced at the start of June it launched its first "Technology Days" in Shanghai — a series of events aimed at accelerating its innovation projects in the Chinese market.

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Given the relatively higher volatility and uncertainty of STAR Market-listed companies, He Qiang, a member of the 13th CPPCC National Committee and professor at Central University of Finance and Economics, suggested the introduction of T+0 settlement. Market liquidity and pricing efficiency will be largely enhanced in this way, he said.

Global prosperity continues to improve, but the gap between the strongest and weakest performing countries continues to widen, the report said.

Giant Panda Shunshun makes public debut at the Hainan Tropical Wildlife Park and Botanical Garden in Haikou, South China's Hainan province, Nov 25, 2018. Giant Pandas Gonggong and Shunshun from Sichuan Province came to Hainan and made public debut after being adapted to their new home. [Photo/Xinhua]

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Geely's market share increased to 6.4 percent in the first half of this year, from 5 percent in 2017.

Ghosn's spokesman has previously said payments of million made over nine years were rewards for the Oman firm being a top Nissan dealer. Such dealer incentives were not directed by Ghosn and the funds were not used to pay any personal debt, the spokesman said.

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Geng said the debt owed by some African countries was accumulated over a long period of time instead of occurring in recent years, and China is not a main creditor of African countries.

Given all the economic positives of the continent, it is easy for one to conclude that Africa is set for the path of rapid industrialization and we will only hear better versions of that story. However, the reality is quite different. Most of the factors mentioned above are driving growth, but with many of the youth bulge unemployed, economists around the world are fearful that Africa is on a reverse trend and there is more de-industrialization happening than rapid industrial growth.