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As one of the most successful private carmakers in China, Geely has been spending heavily to sharpen its competitive edge. Its research and development expenses in 2018 totaled 21 billion yuan, accounting for 6.4 percent of the group's total revenue in that year. Over the past decade, it has invested over 100 billion yuan in research and development. It has also established five major research and development facilities, employing up to 20,000 engineers.

As one of the first product managers at Amazon Web Services, the company’s unique leadership style left quite an impression on Lawson. Many of those lessons carried over when he founded software company Twilio.

As per NBS data, unemployment rate fell marginally this year. "Our wage tracker suggests nominal wage growth stabilized at around 7.2 percent year-on-year this year, after moderating for three to four years since 2013. This should offset some of the downward pressures," Tang said.

As part of the inquiry both witnesses and experts will be called upon to deliver findings, ensuring that the lessons are not lost and that in the future authorities at all levels can better coordinate for the safety and benefit of the public.

As of Thursday, there were 416,686 confirmed cases of COVID-19 infections and 18,589 deaths in 195 countries and regions, according to the World Health Organization.