The move to strike, which The Wall Street Journal described as the first major stoppage at GM in more than a decade, came after the manufacturer's four-year contract with workers expired without an agreement on a replacement.
The mustard sold in China will taste the same as the one sold in the US, said Christopher Woeber.
The move came after Megvii acquired robotics company Beijing Ares Robot Technology in April last year, marking its official foray into the booming robotics sector.
The move marks a step forward in expanding mutual recognition of professional qualifications between the Chinese mainland and Hong Kong and promoting the cross-border flow of people.
The move comes close on the heels of the country's securities regulator reportedly speeding up the approval process of initial public offerings for technology and innovative companies in the domestic market. The fast-track IPO process has also prompted some of the overseas-listed Chinese companies to consider listing their shares in the domestic bourses.
The moves bear much resemblance to the bullish market between 1996 and 2000, and that between 2005 and 2007, during which time the central regulators started the reform of Stateowned enterprises and shares trading, respectively, according to Jiang.
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The move will likely be welcomed by the city's residents, who have regularly complained that the current fixed system does not solve the traffic congestion problem during peak hours.
The most active October 2020 contract for hot rolled coils, mainly used in cars and appliances, was up 46 yuan to close at 3,718 yuan a ton.
The most populous Arab country has been recently taking strict precautionary measures to prevent the spread of the novel coronavirus, including temporary closure of schools and universities, suspending flights, reducing employees and sterilizing public transport vehicles, government offices, hotels and tourist attractions.
The nation's investment rate, or fixed capital formation over GDP, declined starting from 2015, after it was sustained at elevated levels of around 45 percent from 2009 to 2013, data from the National Bureau of Statistics showed.