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As explained by Cherrie Shi, senior counsel of legal firm FenXun Partners, major reasons for multinational companies moving their manufacturing bases from China to counties in Southeast Asia include China's rising labor costs, overcapacity in heavy industry, and stricter rules and regulations on environmental protection. On the other hand, technology development and skills of the labor force have improved over time in China.

As a result, A-share listed companies specializing in technology, electronics, telecommunications and industrial internet saw the most significant price slumps on Friday, according to information provider Wind.

As a "global company, we aspire to redefine the future of mobility around the world. We strive to provide a better transportation service for millions of people, helping them to move rapidly and safely. Our mission is to be a global leader in smart transport systems," said Moraes.

As an enterprise once focusing on the property sector, Greenland－which is seen as a role model in mixed-ownership reform－has now set up an extensive commercial network covering finance, retailing and healthcare. In 2015, group Chairman Zhang Yuliang announced the establishment of overseas purchasing centers to build up its consumption business sector.

As a key measure initiated by the State Council after severe floods hit the valleys of the Yangtze River and Songhua River in 1998, natural forest protection project was implemented in 16 provinces, including Heilongjiang, Jilin, Hebei, Yunnan, Hunan and Liaoning.