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Bosch as a multinational giant headquartered in Germany has 450 subsidiaries and regional companies in some 60 countries as of the end of 2016, among which a lot of plants are located in countries along the Belt and Road.

Boeing shares, which were up earlier in the session, fell 2 percent to 7.70. The shares have fallen about 13 percent since the crash, losing more than billion of market value.

Bogle is survived by his wife, Eve, six children, 12 grandchildren and six great-grandchildren.

Both countries have pulled back from threatened tariffs on each other's products while pledging to resume talks at a later date. China said on Tuesday that it would reduce the tariff on imported vehicles from 25 percent to 15 percent by July 1, and that it will reduce charges on imported auto parts to 6 percent, down from the current levels of between 8 percent and 25 percent.

Boeing shares closed 3.3% lower at 3.37 after falling as much as 5.7% during the session.