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As Daniel Blumenthal, director of Asian studies at the American Enterprise Institute, wrote this month: "For its smaller, less developed recipients, (the Belt and Road Initiative) is still large in scope. What might be economically insignificant for the US still has large geopolitical payoffs for China."

As China deepens reform and opens its market wider to the world, China-Europe cooperation will face more promising prospects.

Apple shares fell as the main supplier for its Face-ID technology, Lumentum Holdings Inc, slashed revenue and profit forecasts, citing reduced orders from a major customer. Lumentum shares tumbled 33.0 percent and shares of other Apple suppliers also dropped.

Arkansas State has declared an emergency ahead of Hurricane Laura, and prepared funds and rescue teams for the hurricane.

As China's first big data pilot zone, the mountainous province is a top choice for big data facilities due to its moderate climate, sufficient power supply and good network infrastructure. It has attracted heavyweight players, including Apple, Qualcomm, Huawei, Tencent, Alibaba and Foxconn, to establish cloud computing and big data centers as well as regional headquarters.