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Argentina and China set up the first ever air bridge between them over the weekend to supply the South American country with much-needed medical supplies amid the COVID-19 outbreak, including vital personal protective equipment for health care workers.

Around 70 percent of the applications, both globally and from China, are rejected because they fail to meet the five criteria set by the company, including "measurable", "breakable" and "standardizable". Only 5 percent manage to break a record or become a record-holder.

As Huawei secures more votes of trust in European countries, it is also grabbing big 5G orders in China, which is expediting 5G network construction. Huawei has won more than 50 percent of a key 5G procurement plan from China Mobile, the nation's largest telecom operator.

Apple Inc will invest at least 1 billion yuan (0 million) as part of its plan to build a second data center in China, as the United States tech giant accelerates steps to localize its iCloud services in the world's largest smartphone arena, according to a source familiar with the matter.

As China becomes increasingly important globally, business executives of multinational companies must understand China's dynamic background and ever-changing business landscape in order to better position themselves in China and throughout the world, said Mary Wadsworth Darby, chief representative of CKGSB Americas.