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"By the end of August, Bond Connect has drawn in 1,244 institutional investors, with another 110 investors onboard during the month," the report said.

"China has adopted several effective isolation measures and a large number of medical staff have joined the fight against the virus, while many people have donated materials to the epidemic center," he said.

"Certainly we see the problem in states that allow for medical or recreational access, but even in states that are not allowing access," said Heidi King, deputy administrator of the NHTSA.

"China is the leader in delivering products, services and applications that drive the internet of things. Cypress is leading in delivering intelligent, secure and connected solutions. Together, we can imagine and build the future we all want to see," he said.He made the remarks on Wednesday at a ceremony held in Beijing to celebrate the company's 20th anniversary in the Chinese market."Seeing China's rapid development during the past 20 years, we are now actively embracing IoT, smart connected vehicles and other emerging technologies,"El-Khoury said.With its new Made for China & Enable China strategy, the company will further increase spending on hiring talent and research and development, with the aim of meeting local clients' demand for localized, high-quality services.With more than 300 local employees, the Nasdaq-listed company has established branches in Beijing, Shanghai, Shenzhen in Guangdong province, Chengdu in Sichuan province and Hong Kong. The company has partnered with dozens of local companies, including Alibaba, Huawei and Xiaomi.

"China has an ambitious plan to achieve high-speed tech targets by 2050, and I think they would accomplish it before this date," he said.