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Boston Consulting Group said in its latest report that in each of the three quarters after the US government restricted sales of certain technology products to Huawei in May 2019, the top US semiconductor companies have reported a median revenue decline of between 4 percent and 9 percent.

Both locals and tourists celebrate the unrolling of a giant thangka－a religious silk painting－at Drepung Monastary in Lhasa, capital of Southwest China's Tibet autonomous region, at the start of the Yogurt Festival in August 2018. [Photo by PALDEN NYIMA /chinadaily.com.cn]

Both CVC and IVC investments in the country have exceeded 70 billion yuan in 2016, the report showed. However, in terms of investment frequency, CVC is only one-fifth of IVC.

Bilateral BIT talks advanced rapidly under the later years of the Obama administration. But there is no sign that the Trump administration will continue the talk anytime soon.

Borrowing from China's expertise on that front is crucial as the world lags behind in achieving the United Nation's goal of eliminating global poverty by 2030, according to Victoria Kwakwa, the World Bank's vice-president for the East Asia and Pacific Region.