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Roby co-founder and CEO Jay Hsueh.

Revenue at BASF rose by nine percent to 15.5 billion euros ( billion), while profits surged by 16 percent to a total of 1.76 billion euros. The Ludwigshafen-based company hereby succeeded in surpassing analyst expectations which were already optimistic about its prospects.

Roach, who is the former chairman of Morgan Stanley Asia, added that "the long-term opportunities for China remain very promising."

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Robust growth produces well-paid jobs. China's unemployment rate has stayed under 5 percent while resident's per capita real disposable income outpaced the GDP growth.

Richard Schultz, a former political science professor at McGill University, said that there is a vast cultural difference between the US and Canada from the perspective of "political culture".

Revenue from the public cloud leader rose 42 percent to .6 billion during the quarter, matching the 42 percent growth posted last quarter. AWS continues to defend its turf despite renewed competition from the likes of Microsoft, which also reported earnings Thursday showing Azure revenue grew 90 percent in its first fiscal quarter.

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Retail sales increased by 9 percent year-on-year last month, 0.2 percentage point higher than in July, the NBS data showed.

Robert Lawrence, a nonresident senior fellow at the Peterson Institute for International Economics and a professor at Harvard University, also wrote this month on why Trump's focus on trade deficits is misleading.

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Returning officers in Hong Kong on Thursday disqualified a dozen aspiring candidates from running for the city's upcoming Legislative Council election.

Richard Horton, editor in chief of the Lancet, called the US withdrawal from WHO "madness and terrifying both at the same time".