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As part of the country's broader opening-up push, China will phase out the 50 percent equity cap for foreign aircraft and car manufacturers in joint ventures in China, effective on July 28, according to a statement jointly released by the National Development and Reform Commission and the Ministry of Commerce on Thursday.

As many Chinese companies cast off their heavy dependence on service trade with the US and conduct more international collaboration in research and development with other countries including Germany, Russia and South Korea, Yu said it would be beneficial for China and Germany to deepen cooperation in the field of service trade.

As one of the victims of climate change, Fiji is the first country to ratify the Paris Agreement as well as the first small island state to lead the climate negotiations as President of the 23rd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP23). Now Fiji is among the nations committed to net-zero emissions by 2050.

As of Wednesday noon, gold prices stood at ,498.93 per ounce on the back of weak US manufacturing data. The precious metal continues to be a traditional safe-haven for investors amid economic uncertainties.

As part of the lawsuit, Amazon detailed its efforts to fight counterfeit goods on its platform, including the use of machine learning to detect potential knock-offs. The company’s Project Zero initiative has the goal of eliminating counterfeit goods on Amazon.com. Other Amazon initiatives include Transparency, which promises to eliminate counterfeits for enrolled products.