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"For the automotive lighting area, this is also a significant manufacturing location for us to do export business, and the products made here are sold globally," Eberhardt said.

"From the very beginning, our goal has been to achieve commercialization of the technology, and the improved average output is a key determinant and will accelerate commercial production in the future," Mi said.

"Google technology software is going to be disrupted, so the 25 percent tariff is one kind of disruption, but it's not a disruption involving the flow of technology," said Mark Cohen, a senior fellow at the Asia IP Law Project at the University of California, Berkeley. "This is in a way a little deeper and affects a different sector because we are also dealing with how we collaborate with each other, not only in hard goods but also in soft things."

"Fresh food is the most demanding category in e-commerce, and covers a range of fields including logistics, finance and user-end operations. But at the same time, it has huge market potential," said Lyu Haoze, an analyst with the China E-Commerce Research Center.

"Following the COVID-19 outbreak, financial conditions tightened at unprecedented speed, exposing some 'cracks' in global financial markets," the IMF said in its newly-released Global Financial Stability Report, noting market volatility spiked, borrowing costs surged and signs of strain emerged in major funding markets.