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DAVOS, Switzerland - US Secretary of State Mike Pompeo said Tuesday he was optimistic that US-China trade talks would have a good outcome and the two countries could "thrive and prosper together."

Currently, foreign automakers can own up to 50 percent in their joint ventures with Chinese partners.

Cyclical stocks, which are sensitive to macroeconomic changes, may outperform the market, such as those who engage in construction materials and machinery and therefore benefit from faster infrastructure investment, according to Xie Chao, chief strategist at Shanghai-based Everbright Securities.

Currently, Yanqing district is mulling over regulations on funding for sports industry and studying on the prospects of giving policy support to the integration of winter sports and tourism, according to Ma of the Yanqing sports bureau.

Customers line up at a Kentucky Fried Chicken restaurant inside Miami International Airport in Miami. Yum Brands, Inc., which operates Taco Bell, KFC and Pizza Hut, reports financial results Thursday, Feb 7, 2019. [Photo/IC]