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As the world's largest contract manufacturer, Foxconn acquired Japanese electronics maker Sharp Corp in 2016. Sharp is the only Foxconn subsidiary with experience of chip manufacturing. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010.

As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market.

As the first phase of the project, about 516 villages (70,078 households) in Kathar and Shwebo district will be provided electricity access, citing U Win Khine, union minister for electricity and energy at the ceremony.

As the world's fourth-largest wine producer and the source of 81 percent of wine made in the United States, California is home to 3,900 wineries and 5,900 grapegrowers. It is also the nation's most-visited state for wine and food experiences, attracting 24 million visits annually to its wine regions.

As the global telecommunications community scrambles to commercialize fifth-generation wireless technology, more efforts are needed to ensure that data is safely stored, analyzed and used to prepare for a 5G-enabled world, tech tycoons said at the ongoing China Development Forum in Beijing.