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Daimler AG will produce its Mercedes-Benz-branded trucks in China, its largest market, as the German carmaker strengthens its localization efforts.

Dave Limp, Amazon’s hardware SVP, unveiled a host of new devices at the company’s media event in Seattle on Wednesday. (GeekWire Photos / Kevin Lisota)

Data compiled by Haitong Securities coincided with Cheng's remarks. According to the Shanghai-based brokerage, the bull run of the A-share market during the January-April period was led by sectors like daily consumption, information technology, telecommunication services and healthcare.

Dan Richard, the outgoing chair of the California High-Speed Rail Authority's board of directors, said people's livelihoods depend on the project through jobs and other economic development in the Central Valley.

Dai's remarks at the internal meeting were in response to recent doubts about its financial trouble.