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As they did on Monday, US industrial companies including heavy equipment maker Caterpillar and aerospace company Boeing – the biggest US exporter to China –declined on Tuesday, dropping more than 3 percent each on the New York Stock Exchange.

As the global economy continues to encounter uncertainty and headwinds, government officials and business leaders from Asia vowed at a forum to further deepen cooperation and stay committed to pushing for common development.

As recruitment experts from Zhaopin explained, this can be largely attributed to the uncertainties in the global economic environment and some multinational companies' withdrawal from the Chinese market. On the other hand, most of the rapidly expanding Chinese internet and technology companies are privately owned companies, which have shown greater demand for talents.

As the Chinese construction machinery bellwether, XCMG has maintained its top position for 29 years, and has become the world's sixth-largest construction machinery manufacturer to date. But Wang has bigger ambitions. Wang said he is optimistic about getting the group into the world's top three by 2025.

As the COVID-19 outbreak has been nearly brought under control in China, more than half of the companies, particularly the export-oriented ones, have achieved around 80 percent of production utilization, said AMRO.