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As the cost of manufacturing increases in China, it makes sense for the world’s manufacturing hub to shift to Africa and it will be win-win if Chinese companies invest in the continent’s manufacturing sector and share their experiences with local partners, Tsang added.

As the global smartphone industry shifts from the 4G to 5G era, shipments worldwide are suffering from a decline. But Huawei said earlier it aims to grab a 50 percent share in China by the end of this year or next year, as it shifts its global mix back toward China amid US government restrictions.

As thousands of designers, models and celebrities gather in New York City for the semiannual New York Fashion Week from Thursday through Wednesday, 16 Chinese designers－the most to date－are ready to showcase their collections at the premier international fashion event.

As trade frictions and their impact on global growth continue to spread internationally via supply chains, Moody's expects Hong Kong to face a prolonged economic slowdown as the city's economy relies heavily on trade for growth.

As the raw materials became scarce however, Zhang had another idea, asking, "Can I plant tables and chairs myself?" Although his family were initially skeptical, Zhang persisted.