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Because Amazon.com and Microsoft are so huge, Glaser said that they don’t always produce the talent necessary to pursue entrepreneurial ventures. In many cases, he said those companies are hiring for very specific roles, rather than folks who can float between various businesses and see the big picture.

Back-end industries, according to Lee, refer to mostly traditional industries that need tech for transformation, such as enterprise services, factory supply chains, medical care and logistics.

Babatunde Ahonsi, UNFPA representative in China, said in his speech that China has witnessed a sharp decline in fertility which has plateaued at a low point more recently.

Based on application documents submitted by domestic companies, the Ministry of Commerce initiated anti-dumping and anti-subsidy investigations against imported barley originating in Australia, and adopted corresponding trade remedy measures in accordance with the law, said Gao Feng, the ministry's spokesman.

BWI Group purchased the business and turned it into the company's product design and innovation center, developing advanced suspension systems for mostly high-end vehicles.