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Japan and the Republic of Korea's relations have deteriorated since October 2018 when the ROK's top court ordered a Japanese firm to pay compensation for the forced labor of Koreans during Japan's 1910-45 colonial rule. Disagreements intensified and extended to other fields this year, not only fraying bilateral ties but also threatening regional stability and global economic development.

Jacob Toren, chief executive officer of EF China, a multinational education company from Sweden with its Chinese headquarters in Shanghai, said the new Foreign Investment Law will be a major milestone in the nation's continued opening up. "We believe that it will help the industry to bring in more investment and additional benefits to students."

Ji Wenhong, founder and former chief executive officer of online luxury retailer Shenzhen Zouxiu Network and Technology - branded as Xiu.com was arrested in the island province of Bali in early August and returned to China on Thursday after spending 15 months on the run in Indonesia.

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James Zhang, provost and senior vice-president of academic affairs at Kettering University in Flint, Michigan, formerly called the General Motors Institute, said technology is rapidly changing the global automotive industry and companies have a vital need to identify talent worldwide.

Jason Yu, general manager of Kantar Worldpanel in China, said: "As social interactions prove to be effective to stimulate people's desire to buy, there will be huge potential to further grow in this sector."

James Yan, research director at market research company Counterpoint, said Chinese companies "are working hard to differentiate with innovative industrial design as we could see in models such as Oppo Find X or Vivo Nex or Huawei P20 Pro respectively to drive up the upgrade rate. Further, proliferation of features such as artificial intelligence or on-device machine learning and possibly 5G in coming years could drive a wave of upgrades."

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James Evans, an industry analyst at Bloomberg Intelligence, said the halting of installation quotas in 2018 for ground-mounted solar energy projects in China and limiting distributed solar activity to 10 gigawatts are set to have major industry implications, given the country had 54 percent of global installation in 2017.

Japan's Nikkei reported earlier on Thursday that Toyota would take a roughly 5 percent stake in Mazda Motor to develop key electric vehicle technologies and build a factory in the US.

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Janssens, a Dutch citizen, joined the German company in 2013. He said the company will accelerate the introduction of innovative new drugs from its global pipeline to the China market.

Jacques said that since the global financial crisis of 2007-08, it is the West that has lost any sense of direction.