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Blume said China has been Porsche's largest market but its total sales of models across five to six segments stood at 80,108 last year, up 12 percent from 2017, so it does not make localization a smart business idea.

Both China and the UK are participants, beneficiaries and facilitators of open global cooperation. In face of surging anti-globalisation and looming protectionism and unilateralism, our two countries must join hands to advocate open cooperation. Together we can continue to contribute to a brighter future of open world economy.

Blockchain's hallmark is decentralization. Data can be shared among a distributed network of computers with no need for middlemen. Once recorded in a blockchain-based ledger, data is hard to tamper with.

Born into a small village in northeastern China, Xiao displayed a talent for dancing at a young age and was admitted to a famous dance academy in Beijing after high school. He was even invited to a Singaporean art school as a one-year exchange student for his excellent performance at college.

Borden CEO Tony Sarsam said in a statement: "Despite our numerous achievements during the past 18 months, the company continues to be impacted by the rising cost of raw milk and market challenges facing the dairy industry. These challenges have contributed to making our current level of debt unsustainable."