In its June forecast, the IMF projected global GDP to contract by 4.9 percent this year, the worst downturn since the Great Depression of the 1930s. However, things seem to be less dire, Georgieva said in a curtain-raiser speech for the October annual meetings of the IMF and World Bank Group, scheduled virtually for next week.
In labor-intensive businesses, mechanization and relocation to regions with cost-effective labor are ways to regain competition advantage. Besides, to improve added value in production, local governments can help companies cultivate talents in product design by setting up vocational training schools and expand sales channels by providing relevant infrastructure.
In just the first 30 minutes of Nov 11, sales growth of both pet foods and daily pet necessities surpassed 100 percent year-on-year on Tmall. Sales growth of smart pet products such as automatic feeding machines reached about 1,000 percent year-on-year, according to a report on ixiupet.com.
In goods and services, China is the third-largest trading partner of the US. China was the top goods export market for four US states last year, and among the top five markets for 44 states.
In line with Tibet's second-level emergency response, the move serves as part of the region's efforts to avoid gatherings of tourists and cross-infections to effectively block the spread of the novel coronavirus in Tibet, said the tourism development bureau of the autonomous region.
In his message, Xi noted that since the establishment of bilateral diplomatic ties 60 years ago, the traditional friendship between China and Ghana has grown stronger with practical cooperation yielding fruitful results.
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In his talks with visiting Japanese Prime Minister Shinzo Abe at his Mar-a-Lago retreat in Palm Beach, Florida on Tuesday, Trump also said he had given his blessing to the inter-Korean talks aimed at formally ending the Korean War.
In order to attract more Chinese visitors, NYC has also expanded its footprint in China by enhancing cooperation with its local partners and more presence on the country's social media, he said.
In his recent tweet, Trump said he looked forward to seeing Kim and a "North Korea (the DPRK), under the leadership of Kim Jong-un, will become a great Economic Powerhouse … North Korea will become a different kind of Rocket-an Economic one!"
In his opening remarks, Wang said overseas Chinese enterprises are the spokespersons of China. The operational activity of the Chinese enterprises in Kenya is related to China's image and the friendship between the two countries. Therefore, all Chinese enterprises, including Zhejiang enterprises, should operate legally and comply with local laws and regulations, respect local customs and habits, protect the legal rights of local employees, fulfill corporate social responsibility, contribute to the local community's development, and try to be the messenger of the friendship between China and Kenya.