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Around 35 companies in Jiangsu province, for instance, have made their way on to the list of the world's top three suppliers in their industrial segments, according to a report from the Chinese Academy of Engineering.

Arndt said that with superiorities in design, technology and digitalization, the Kodiaq GT completes the automaker's product portfolio, especially in the A-class SUV segment.

As China has been accelerating its pace in adopting electrical vehicles to help lower environmental manufacturing impacts recent years, Kinder said the country has been leading the way in the use of alternative energy, giving Nike certain advantages in reducing its carbon footprint during transportation.

Argentina registered its first case of COVID-19 on March 3 and reported a total of 1,555,279 cases of infection and 42,254 deaths as of Tuesday night.

Apple is "forecasting a stronger Q2 than analysts predicted, but the fact that the coronavirus is spreading in unpredictable ways in China, where Apple has most of its hardware built, could upset this optimistic forecast", said eMarketer principal analyst Yoram Wurmser.