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The United States has also increased its military activities in the region recently, citing a threat of Iranian "attack."

The US corporate tax cut could provide an opportunity for Chinese companies to increase their market share and even become top leaders of their sectors in China, considering that their US competitors may adjust business strategies in China, EY experts said.

The US also has the most coronavirus cases, more than 18 million, and the most deaths, over 322,600, as of Tuesday, according to the John Hopkins University Coronavirus Resource Center.

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The US carmaker expected the Chinese market to remain flat this year but it added that a number of new models would be launched in the second half of the year.

The Umm Shaif field's Arab reservoir is characterized by a huge gas cap, one of the largest in the region, with rich reserves in condensates.

The US had reported more than 8.2 million cases and 220,000 deaths by Wednesday morning, both counts the highest in the world. New virus cases in the US have surged in recent weeks from a daily average of about 42,000 in early October to about 58,000－the highest level since late July, according to Johns Hopkins University.

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The US will fail in its attempt to obstruct China's effort to advance the Hong Kong national security legislation through so-called sanctions, Zhao said.

The United States is displaying its double standards as it interferes in the internal affairs of other countries despite being unable to deal with problems related to racism on its own shores, a Russian political observer has said.

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The UN-Habitat chief, who is scheduled to travel to Guangzhou, southern China, to attend the global observation of 2017 World Cities Day on Oct 31, said he looks forward to enhanced relations between the UN agency and China.

The US still tops in the number of AI startups and total equity deals, but it is gradually losing the global deal share, CB Insights said.