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Ballmer’s announcement aligns with a concerted effort by Microsoft over the course of the last year to increase its operational capacity in China as well as introduce more and more Chinese customers to its broad array of products and services. In September,?the company announced?that it would add 1,000 employees in China within 12 months and that it was significantly increasing its investment in China-based research and development.?In October, Microsoft held its global release for Windows 8 in Shanghai and revealed that its Surface tablets would go on sale simultaneously in the U.S. and China. And in March, the company?opened a flagship store on Tmall, China’s most popular business-to-consumer e-commerce platform. The store, which is operated by an all in-country team, offers access to more than 50 Microsoft products.

Baowu is well known for its silicon iron and auto sheets, while Magang's vehicle wheel steel is widely used on bullet trains. The two companies' intention of forging a merger can be traced back to 10 years ago, but it failed to materialize due to insufficient policy support, Zhang added.

Bayer shares this optimism about the Chinese market.

Bao Gaoshan tells his story of rising above poverty in front of his new house in Fangcheng Xincun village, North China's Shanxi province, on July 16, 2020.[Photo provided to China Daily]

Baodi district, located in the north of the coastal municipality, announced that since Sunday, up to 11,700 people are under observation, an increase of 2,500 from Friday.