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David Jin, chairman and president, Harman International, Northeast Asia and China. [Photo provided to China Daily]

DeepBlue Tech opened its European headquarters in Luxembourg last year, and established three joint laboratories with the National Laboratory of Luxembourg, covering self-driving, intelligent manufacturing, and data and financial security.

Dayton, Ohio, has furloughed about 25 percent of its municipal workforce and plans further cuts. Mayor Nan Whaley said the first round of cuts focused on nonessential workers such as those at recreation centers.

Data from market consultancy Oliver Wyman showed the total assets managed by Lufax reached 378.3 billion yuan by the end of September, which is the third largest among all nonconventional Chinese financial service providers.

David Liu, chairman of global public relations company Weber Shandwick China, said the ad sector has scaled things down due to absence of offline activities and fears of cross-infection, while online promotional events－such as those related to e-commerce－are still operating, and he expects the situation to return to normal in the second half.