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Response to the Initiative from the British business community was overwhelming. Companies including HSBC Group issued special reports with suggestions for China-UK cooperation in this Initiative.

Rodman, 56, nicknamed "The Worm" during his playing career and known for his tattoos, body piercings and multi-colored hair, is considered one of the best defensive players and rebounders in NBA history.

Rouda asked Redfield if it's possible that some flu patients may have been misdiagnosed and actually had coronavirus. He asked, "So we could have some people in the United States dying for what appears to be influenza when in fact it could be the coronavirus?"

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Rupert Stadler, who runs the Audi luxury brand and who has repeatedly been under fire over the unit's role in the diesel crisis, will take on responsibility for group sales.

Risk of protectionism

Reuters reported earlier this month that the Defense Department was working with other agencies to determine whether to add SMIC to the Commerce Department's so-called entity list, which would force US suppliers to seek hard-to-get licenses before shipping to the company. Shares of the company plunged by nearly a quarter on the news.

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Retail, financial technology and healthcare will remain the top three areas in China attracting private equity investment, according to the latest report by global consultancy McKinsey & Co.

Rong Honggang, general manager of JLT Insurance Brokers in China, said that as the financial sector further opens up, the company will be better able to reach small and medium-sized enterprises and high net worth individuals in the country.

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Rules governing port access differ from country to country, and sometimes even within countries, making it difficult for ship owners to plan routes, Guy Platten, secretary-general at the International Chamber of Shipping, told CNN. That could snarl food supply chains, particularly for time-sensitive fresh produce, he added.

Retail sales, which are only slightly down in June compared with the same month last year, have done "extremely well" compared with other economies and "improved dramatically," the veteran China watcher noted.