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"For that reason alone the current approach to the US-China trade dispute is flawed, as are the tariffs that underpin it," wrote Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia. "There can be no bilateral fix for a multilateral problem. That has only led to trade diversion among trading partners —imposing higher costs on consumers and producers on both sides."

"Financially, the company's 2019 performance was short of our original expectations, mostly because our operational execution -- which we usually do very well-- wasn't nearly good enough. We recognize, take accountability for and have made changes because of this," said Jim Hackett, Ford president and chief executive officer.

"Galanz is undergoing a transformation from traditional processing to smart manufacturing. Also, we are accelerating research and development of core technologies in white goods and the internet of things, such as the open-source chips," Liang said.

"Grandjoy has been actively upgrading its business after the consolidation. With the new move, Grandjoy will continue to elevate our business through integrating cultural elements so as to serve people's needs of living better," said Zhou Zheng, chairman of Grandjoy.

"Hainan rejects being a processing plant for real estate projects," Liu said. "The amount of our land is limited, and we've already learned a lesson."