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The economist Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs, said US companies are likely to source components from higher-cost producers.

The establishment of the Nansha Pilot Free Trade Zone has further promoted the economic development of Nansha and helped accelerate its port construction.

The economic and trade consultations between China and the United States had suffered major setbacks this year, with the US side imposing rounds of additional tariffs on Chinese products that met firm opposition and forced countermeasures from the Chinese side.

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The establishment of the Nansha Pilot Free Trade Zone has further promoted the economic development of Nansha and helped accelerate its port construction.

The economist said that China's GDP was expected to expand 6.5 percent in 2018, consistent with the government's annual growth target.

The essential feature of socialism with Chinese characteristics is the leadership of the Party, which plays a central role in coordinating the overall situation, he said, citing Shen-zhen as a good example of handling the relationship between market and government since China's reform and opening-up began.

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The emergency has now transcended Brazil's borders, reaching Peruvian, Paraguayan and Bolivian regions.

The entrepreneur said that negotiation should be conducted on the basis of mutual respect and equality to push forward the settlement of the issue.

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The economies involved in the Belt and Road Initiative are a strong incentive for China's service outsourcing industry, said Ma Xiuhong, head of the China Council for International Investment Promotion.

The donation was handed over Monday by Charge D'Affaires of the Chinese embassy in Sri Lanka Hu Wei to SLTB Chairman, Kingsley Ranawaka in the presence of health ministry officials and bus drivers.