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That has held him in good stead through his decadeslong career with Swire, a Hong Kong-based developer, owner and operator of mixed-use commercial properties. He is now finding new meanings for that philosophy in the mainland.

That in and of itself wasn’t a problem, but Apple’s agreements with the publishers also included a “most-favored-nation” clause that allowed the company to replicate any discounts made on other stores, like Amazon’s Kindle store. That meant it was in the publishers’ best interests to fight for higher prices from Amazon which is?known for heavily discounting e-books.

That has given an edge to the likes of Douyin, a high-flying short video app that is fast rising as a staple in the digital marketing matrix of most brands. "The platform allows brands to share short videos, usually in a fun or interesting format with users… They also leverage key opinion leaders to help share the content so it spreads quickly among their followers," Chin said.

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That helped put the town in the role of a vanguard, and it now boasts over 1,000 companies, among which 46 have annual sales surpassing 20 million yuan (.9 million).

Thailand's King Maha Vajiralongkorn is crowned during his coronation in Bangkok, Thailand, May 4, 2019 in this still image taken from TV footage. [Photo/Agencies]

That day marked the beginning of the park's history, he said.

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Thailand's TCP Group, owner of the popular energy drink brand Red Bull, also plans to invest more than 1 billion yuan (1 million) in the Chinese market over the next three years. As part of the new investment, the company will build a plant in Beijing's Huairou district that will become operational in 2021.

Terry Branstad, the new US ambassador to China, will attend the ceremony, according to a news release from the Iowa Sister States commission, a nonprofit organization founded in 1985 to manage Iowa's official relationships with foreign states and provinces. The organization was established when Branstad was governor.

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Terminal 3 of the Beijing Capital International Airport. [Photo/Sipa]

Tesla has sent two ships and at least one cargo plane with Model 3 vehicles to China, a logistics source familiar with the matter said.