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Gou this week said he was planning to step away from day-to-day operations at Foxconn but would continue to guide the company's "major direction" while working on a book about his management philosophy and bringing along a new generation of business leaders.

Great Wall Motor, China's largest SUV maker, saw its sales in the month edge up 1.25 percent year-on-year to 111,715 units.

Government funds are banned from investing in entertainment, commercial movies, TV series, and online shows, the circular added.

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Gree Electric Appliances, a leading home appliance manufacturer in China, suffered a great hit from the epidemic. Its factory in Wuhan was closed, stores were frozen, and even online sales were stalled as delivery and installation services were disrupted. However, the company sees opportunities in the surging demand for thermometers, air purifiers and face masks, and accelerates the R&D and production of those products.

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. [Photo/VCG]

Going forward, sports and entertainment will be two new growth engines that Nielsen will commit to this year, but the fast-moving consumer goods, or FMCG, segment remains the largest contributor, Bali said.

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Grassley ignored the Democrats' request to halt the hearing, saying it was "out of order" and accused the Democrats of obstruction. Republican Senator John Cornyn accused Democrats of trying to conduct the hearing by "mob rule."

Goldman Sachs research showed on Friday that by the end of June, the official general government spending balance recorded a deficit of 1.6 percent of GDP, the largest half-year deficit since 2011. The greater than expected half-year deficit is from the combined effects of tax and fee cuts and more public spending.

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Gong Shuguang, chairman of China South Publishing and Media Group, said the textbooks are based on local features and include images of native animals and trees, buses and buildings.

Goldberg's research focuses on developing countries and has been widely cited. Specifically, her areas of interest include the effects of trade on inequality and firm productivity, profits and innovation, and enforcement of intellectual property rights.