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Data showed that 106 out of the 154 companies reported growth both in revenues and net profits, with 25 announcing robust growth of more than 20 percent.

Data on factory output, retail sales, job market offset investment fears

Daimler is not the first international carmaker to buy part of a Chinese battery maker.

Daniel Zhang, CEO of Alibaba, said the availability of SAP's cloud solution on Alibaba Cloud is another milestone in its globalization strategy.

Defense Secretary Jim Mattis, Tillerson's closest ally in the administration, brushed off the report. "There's nothing to it," he said in response to a reporter's query.