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"China has always been a strategic market for CNH Industrial both for its size, as well as the potential for future growth…We will keep introducing the latest technologies and products that are customized to meet the demands of Chinese customers and provide them with the best in class service to maximize their productivity and efficiency," said Stefano Pampalone, president for Asia, Middle East, and Africa at CNH Industrial.

"By relying on a monetary fine to deter Facebook, the FTC has failed to heed history's lessons. Facebook has already written this penalty down as a one-time-cost in return for the extraordinary profits reaped from a decade of data misuse," said Blumenthal.

"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"C-V2X will enable vehicles to receive updates about potential traffic developments and risks that are beyond the range of what sensors can pick up," said Robert Hou, Ford China's vice-president responsible for information technology, mobility platforms and products.

"China has been Germany's largest trading partner in recent years. Both countries should voice a shared stance against unilateralism and support for multilateralism," said Chen Xin, an economics researcher at the Institute of European Studies at the Chinese Academy of Social Sciences.