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Apple’s University Village store. (Credit: Apple)

As China is Signify's second-largest overseas market after the United States, the company develops its products not only for a single country but for the global markets, Lim said. Many breakthroughs have been contributed by Signify's innovation facilities, including those in Shanghai and Shenzhen.

As Bosch has invested 48.5 billion yuan in China's manufacturing and innovation sectors over the past decade, he said the company will make every effort to ensure sustained and stable supplies to meet increasing demand from the Chinese market as the company seeks to tap into development opportunities and spur its future growth in China.

Around 7 am, radicals threw bricks and other hard objects from heights onto the ground, set up barricades and obstructed road junctions in Kowloon Tong, compelling police to fire tear gas around 8 am. Public buses were forced to cease service in the middle of roads after being trashed and painted with graffiti on windshields.

As Amazon has thrived in retail, expanding both online and in brick-and-mortar, its future neighbor Macy’s has struggled. Amazon has?played a role in declining sales at department stores like Macy’s in recent years. In fact, a report last year?predicted Amazon will pass Macy’s?as the nation’s top clothing retailer this year.