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Analysts cited the ferocious efforts of international brands to expand their market share in China, the world's largest car market. Especially as Chinese customers had a preference for overseas brands, particularly in light of a slowdown in the market.

Analysts estimate that Apple will cut orders to Foxconn by 20 to 30 percent, mainly due to weak demand for the iPhone XR and XS Max. Media also reported Foxconn aimed to cut 20 billion yuan from its expenses this year as it faces a very difficult and competitive year.

An online trial takes place in the Guangzhou Court of the Internet on Tuesday. [Photo by Zheng Caixiong]

Analysts said the increase in the trade deficit in March could be a slight drag on economic growth in the first quarter, which expanded at an annual rate of 3.2 percent in the Commerce Department's first estimate.

Analysts said CGN's attempt to explore a bid for the reactor project is part of its effort to use the UK as a springboard to further export its HPR1000 nuclear technology globally.