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On a personal note, he flies frequently to different markets and thinks about the tools he would use when recession strikes. "Make sure you like what you do. Only that way, you will have fun" - that's the dad-speak his kids hear all the time, he said.

On Thursday, US First Lady Melania Trump donned a red dress to welcome Xi and his wife, Peng Liyuan, to the Mar-a-Lago estate, a color that symbolizes happiness and prosperity in Chinese culture. The Trumps also arranged a small family party for the Chinese guests.

On Xi citing ASEAN as a key region in high-quality Belt and Road collaboration in his speech, Chin Yew Sin, adviser for the Asia-Pacific region of the Global One Belt One Road Association, said ASEAN countries have been working with China as part of the Belt and Road Initiative.

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On the other hand, Navok said that the sanctions are "illegal" and "regrettable.""Such approaches, actions are a vestige. They do not create the opportunities for the development of the market, competitiveness and contradict World Trade Organization rules," he said.

On behalf of exhibitors, Li Xun, director of the New Business Development in China at Baker Hughes, said the matchmaking session is very important for exhibitors to help expand business opportunities.

On Wednesday, Cabinet Secretary Karlo Nograles said the government is "studying" whether to allow foreign visitors from countries with low to medium coronavirus transmission into the Philippines.

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On the other hand, China's new energy vehicles sector has seen plunge of sales for four consecutive months since the government cut subsidies in June, according to data from the China Association of Automobile Manufacturers.

On his part, Erwin Pon, the chairman of the Chinese Association of Gauteng, said the celebration is an avenue to promote cultural values esteemed by the local Chinese community. "We hope that other cultures will understand our values and thus strengthen our engagement economically and socially."

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On the flip side, the expansive distance and different languages and political systems have contributed to the slowed pace of ideological and cultural integration of African countries and China.

On Thursday, the price of West Texas Intermediate crude, the guide for US prices, rose 0.21 percent to .90 a barrel. Brent crude, the worldwide benchmark, added 0.28 percent to .55 a barrel.