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General Secretary Xi Jinping, in a report he delivered at the opening session of the 19th National Congress of the Communist Party of China two weeks ago, said China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development, which he said is pivotal for transforming the country's growth model.

Giant panda Mei Xiang, who gave birth to a cub three months ago, chomps on sugar cane at the Smithsonian's National Zoo in Washington on Sunday. [Photo by Zhao Huanxin/China Daily]

Global and Chinese automakers recalled 4.49 million defective vehicles in the first five months of this year, in contrast to 8.8 million in the first half of 2016.

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Global stock markets have suffered steep losses during the past two weeks. US stocks triggered four circuit brakers to halt panic selling, European stock continued to plunge with little losses recovered, and major world currencies depreciated severely against the US dollar as investors flew to stockpile safe haven assets.

Ghosn has not commented.

General Electric Company

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Global smartphone shipments fell 13 percent in the first quarter to 272 million units due to the impact of the COVID-19 pandemic on the global economy. Against such a backdrop, Oppo managed to grow its smartphone market share in Europe by 1,014 percent year-on-year!

Geoffrey Garrett, dean of the University of Pennsylvania's Wharton School. [Photo/The Wharton Journal 

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Global biopharmaceutical firm Gilead Sciences Inc has reaffirmed its commitment to curing hepatitis, and with it, helping sufferers in China, a country with one third of all the world's hepatitis B carriers.

Genting is just one of several cruise operators who are looking to make a splash in the China market.