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But, since 2010, Chinese brands outshone their foreign counterparts, robbing the latter of their mystique. Meanwhile, a series of scandals overseas have disgraced many famous brands, including airlines, auto giants, hospitality majors and quick service restaurants.

By Tuesday, the SSE had received applications from 149 companies, of which 28 have had their initial public offering registration approved by the China Securities Regulatory Commission.

But the cuts won’t be easy, particularly for the shopping side of Amazon’s business. The company this summer released its 2019 sustainability report, revealing that its greenhouse gas emissions rose 15% over the previous year. More than three-quarters of its footprint came from what is called “indirect sources” or scope 3 that include production, use and disposal of Amazon-branded products; capital goods such as building construction, hardware and vehicles; corporate travel; and packaging.

But the outlook for GM is less clear, with concerns growing that a recession may be in the offing amid protracted trade tensions.

By April this year, cargo volumes for the month increased by 40 percent compared to previous months because ports in South Africa had closed, thereby cargo was re-directed to Namibia.