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British fashion brand looks to expand presence in China with local alliance

Both sides are now working to jointly develop the CCI Southern Transport Corridor that will link western China to Southeast Asia through Chongqing, a municipality in western China and Singapore, and connect the overland Silk Road Economic Belt with the 21st Century Maritime Silk Road.

Brazilian mining company Vale and Ningbo Zhoushan Port Group has held a ceremony on Aug 25 in Ningbo to celebrate the inauguration of the Shulanghu Grinding Hub, the firm's first such operation in China.

Brick-and-mortar stores have transformed themselves to ensure their survival, with more frequent use of online shopping systems that have witnessed a boom of derivative business models, such as contactless distribution and live broadcast sales pitches.

Businesses in the US, including Macy's, JC Penney, Kohl's, Gap, Equinox gyms and furniture maker Steelcase are facing economic fallout. State-mandated shutdowns have forced millions of US workers to stay home since mid-March, decimating parts of the economy.