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Given all the economic positives of the continent, it is easy for one to conclude that Africa is set for the path of rapid industrialization and we will only hear better versions of that story. However, the reality is quite different. Most of the factors mentioned above are driving growth, but with many of the youth bulge unemployed, economists around the world are fearful that Africa is on a reverse trend and there is more de-industrialization happening than rapid industrial growth.

Geely Auto reported 105,468 units of vehicle sales in April, up 2 percent year on year and 44 percent month on month.

Global supply chains may face "the biggest and most profound challenges" with the COVID-19 outbreak that first hit Central China's Hubei province in the run-up to the crucial Spring Festival period, according to the latest report by the Shanghai Institutes for International Studies, a leading think tank.

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Gerlach told an audience that opportunities should be seized to deepen the cooperation between Sino-German enterprises in the field of water disposal.

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German wholesaler Metro announced on Thursday that it has completed the sale of a majority stake in MetroChina to Wumei Technology Group in exchange for net cash proceeds of more than 1.5 billion Euros. [Photo provided to chinadaily.com.cn]

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Gerhard Jarosch, president of the association, said the meeting's aim is to "build up ways to communicate with each other and improve judicial cooperation to find solutions to target cross-border crimes".

Given there is prominent overcapacity in the power sector and discordance of upstream and downstream operations, the merger is not only a "masterpiece" of supply-side structural reform in the power sector, but also a way to smooth the relationship between the coal and electricity sectors, according to Zhang Jinxin from Beijing Jiaotong University.

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Geely's investment in research and investment totaled 21 billion yuan (.96 billion) in 2018, accounting for 6.4 percent of the total revenue of the group that year, which is roughly the same proportion as international automotive groups. Over the past decade, the group that owns Geely, Volvo and other brands has invested over 100 billion yuan in research and development.

Geely's revenue decreased 11.4 percent year-on-year, and its net profit fell by 40 percent during the same period; Great Wall Motor's revenue was reduced by 15 percent year-on-year, while its net profits had a drop of 58.95 percent during the same period.