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As China seeks to end absolute poverty by 2020, such projects are expected to help the affected both have short-term earnings and build on entrepreneurial skills for later use.

Argentina's President Alberto Fernandez. [Photo/Agencies]

Around the same time, the Chi-Next, China's Nasdaq-style board for tech stocks on the Shenzhen Stock Exchange, is also expected to rebound, having been in a downturn over the last three years.

Apple's contract factories inside China, meanwhile, have added far more locations than outside. Foxconn has seen an expansion from 19 locations in 2015 to 29 in 2019 and Pegatron going from eight to 12, according to Apple's data. The new locations have emerged to meet Apple's added product lineup like watches, smart speakers and wireless headphones.

Around 20 to 25 people are feared trapped after the ground plus three-storey building collapsed while 20 people were rescued by the local citizens, said a spokesperson for National Disaster Response Force, whose team has been deployed for rescue operations.