The United Nations, in its first Digital Economy Report, states that the US and China are creating the vast majority of wealth in the digital economy.
The US Environmental Protection Agency says more food fills incinerators and landfills than any other material. Food makes up a fifth of the waste stream in the United States.
The US is the top aid donor to Africa, and China is a leading trade partner of the continent.
The US firm is now seeking merger and acquisition opportunities in the country and expanding its product portfolio, with an aim to double sales revenue in the next few years, according to Zheng.
The US had reported a total of 11 million COVID-19 cases and 246,586 deaths by Monday, by far the largest number in the world, according to Johns Hopkins University. The average number of new cases there reported each day during the past week has exceeded 150,000.
The US and China announced the deal on the text of a phase-one economic and trade agreement last week, which underpinned market sentiment. US President Donald Trump said on Monday that the deal is nearly complete, with some translations still to be done.
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The UBS report pointed out that about 37 percent of Chinese parents paid for tuition compared with 70 percent in places such as Japan and South Korea.
The US is home to many multinational companies that have a global supply chain, and the current total value statistical method has distorted reality, said Long Guoqiang, vice-president of the Development Research Center of the State Council.
The US dollar slipped, although it recovered some of its overnight losses in early London trade leaving the dollar index 0.1 percent lower on the day at 92.946 by 0718 GMT.
The US Chamber of Commerce, the world's largest trade federation that represents more than 3 million businesses, voiced its strong opposition to Trump's sweeping tariffs on China in a statement issued last Thursday.