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Global crude supply remained sufficient, the NDRC said, expecting the international oil prices to continue to fluctuate in the short term.

Giving further details on the attackers, Wijewardene said that one of the bombers had pursued an education overseas and almost all were from stable financial backgrounds. "The fact that they were from good financial backgrounds is a worry for the government," he said.

Global luxury stocks were down by 11 percent in October, wiping out 0 billion in market value — the worst result in a decade, Bloomberg reported. It came amid traders' fears that Chinese shoppers have grown tired of spending on luxury items overseas, Bloomberg said.

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German automotive workers face the threat of massive dislocation over the next 12 years as the industry lurches through a transition to battery-powered cars, putting at risk thousands of jobs at manufacturers from Volkswagen AG to Daimler AG to Robert Bosch GmbH.

Given that China has adopted the dual circulation development pattern and how world economic growth is facing more uncertainties due to the COVID-19 epidemic, Shanghai should further open up and seek new development paths, said government officials and top executives at the 32nd International Business Leaders' Advisory Council (IBLAC) for the Mayor of Shanghai.

Giant panda cubs Long Zai and Ting Zai play at the Chimelong Safari Park in Guangzhou, capital of South China's Guangdong province, Jan 29, 2019. [Photo/Xinhua]

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Given this backdrop, domestic companies should enhance their competitive edge to reduce dependence on imports, a report from LEK Consulting stated. Most Chinese manufacturers of industrial gases are not competitive enough against their foreign counterparts, it said.

Gian Enzo Duci, a professor at the University of Genoa and president of Federagenti (the Italian National Federation of Ship Brokers and Agents), said Chinese companies involved with ports are doing just what their international counterparts do year after year.

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Ghosn's chief lawyer Motonari Otsuru told a press briefing that the lawyers submitted their resignations at the Tokyo District Court.