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Clariant plans to construct a new catalyst production site in China, an investment that will further strengthen the Swiss chemicals company's position in China and enhance its ability to meet the demand of China's thriving petrochemicals industry.

Citing statistics from the National Bureau of Statistics, the report has projected a huge market potential. As of the end of 2018, the total number of Chinese seniors (60 and above) reached 249.49 million, and it is expected to surpass 300 million in 2025.

Citing data from One Click Retail, eMarketer reports customers have purchased more than .6 million of 365 Everyday Value items across Amazon platforms like AmazonFresh and Amazon Pantry in the first four weeks since Amazon’s blockbuster .7 billion deal to buy Whole Foods closed. The Whole Foods brand also outsold Amazon’s number two private label brand, Amazon Elements, last week, according to the data.

Chinese researchers will also investigate grassland issues in central Asian countries such as Kyrgyzstan and Kazakhstan and offer solutions to problems.

Chinese technology company Huawei has found itself in a controversy after a former employee was wrongfully detained for more than eight months on extortion charges.