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Around 85 percent of the toys sold in the US are manufactured in China. Major players, such as Hasbro and El Segundo, California-based Mattel, will bear less of a tariff burden then the rest of the industry because only two-thirds of their products are manufactured in China. For many smaller companies, however, almost all of their products are made in China, Weiser said.

Argentinean President Mauricio Macri, currently on a state visit to China from May 14 to 18, attended the Belt and Road Forum for International Cooperation, which concluded on Monday. Over the course of his visit, the two countries signed cooperation and financing agreements for investments in Argentina, mainly in the areas of energy, infrastructure and agriculture, Xinhua reported. The deals were worth a total of billion, Argentinatoday.org reported.

Applications for the British Business Awards 2020, which recognizes the innovative endeavors of enterprises from the UK and China in fostering bilateral cooperation,have officially opened.

Around the corner, artificial intelligence and automation offer to strengthen societies, threatening to subvert them in the same, challenging paradigms, requiring a recalibration of work, life, humanity and shared responsibility.

As Gree Group is controlled by the Zhuhai local government, the deal will require approval from the State assets' regulator and the parent company is still studying the proposal, according to the statement.