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As in China - the world's traditional manufacturing powerhouse - rapid industrial growth and urbanization pace in many countries have prompted labor-intensive industries to find new ways to cope with increased demand, said Qu Daokui, Siasun's president.

As of Thursday, 93 listed firms had released their first-quarter advance financial reports, with 87, or more than 90 percent of them, expecting rising net profits or to turn losses into gains, according to Wind, a leading information service provider.

As local companies accelerate their digital transformation, Microsoft said it aims to have a triple-digit growth in Azure cloud services in China this year, as it did in 2016.

As part of the new extension deal, Lynas will now have six months to permanently dispose of around 580,000 tons of radio-active waste which is currently being stockpiled in its Kuantan plant.

As of Saturday afternoon, the coronavirus deaths added up to 24,260 and the confirmed cases to 307,181 in New York City, according to The City, a project that tracks the spread of confirmed COVID-19 infections and fatalities in New York City, based on information provided by the New York City Department of Health and Mental Hygiene, the governor's office, The COVID Tracking Project and the Center for Systems Science and Engineering at Johns Hopkins University.