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As explained by Cherrie Shi, senior counsel of legal firm FenXun Partners, major reasons for multinational companies moving their manufacturing bases from China to counties in Southeast Asia include China's rising labor costs, overcapacity in heavy industry, and stricter rules and regulations on environmental protection. On the other hand, technology development and skills of the labor force have improved over time in China.

As President Donald Trump on Monday urged Americans to avoid groups of 10 or more and to refrain from eating in restaurants, governors and mayors announced their own sweeping measures to contain the virus, amid stalled testing and a warning from the surgeon general that the US could face a situation similar to Italy, Europe's worst-affected country where there is a nationwide lockdown.

As a result of the settlement, Adam Bowser, Christopher Bowser and Jody Marshall are banned from?marketing and selling business opportunities and business coaching services and profiting off consumer information they acquired as part of the program.?The settlement imposes a maximum penalty of more than 2 million. The Bowsers and Marshall will pay the value of their assets — .8 million — and will have to pay the full 2 million if it turns out they lied about their holdings, an FTC spokesman said.

As a whole, Peng said, the document is expected to change the supply side so that more new energy vehicles will be offered.

As for those majors with negative performance in the employment market, Wang Boqing, president of MyCOS, said that it may be caused by oversupply or unqualified talents that don't match market needs.