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Global economic growth will turn "sharply negative" this year, with a "partial recovery" for 2021 only if the COVID-19 pandemic recedes in the second half of 2020, the International Monetary Fund said on Thursday.
Generally used to transport goods, "the network will shuttle passengers in a safe, fast, environmentally friendly, cost-efficient and intelligent way," said Hu Huazhi, founder and chairman of technology company Ehang.
Global trade credit insurance company Euler Hermes said in a recent research report that trade in merchandise between China and other countries involved in the initiative will add 7 billion to global trade and contribute 0.3 percentage point to global trade growth this year. It would also add 0.1 percentage point to global GDP, it said.
Geely is also helping Belarus to reach its dream of producing their own vehicles.
Given the downward pressure of trade in goods, service trade is a new direction of trade transformation, Guan said, adding that trade with the ASEAN countries is a highlight of China's foreign trade export of the year.
天津便秘能治疗吗
Global membership warehouse club retailer Costco Wholesale Corp is scheduled to open its first brick-and-mortar store in the Chinese mainland on Aug 27, posing a strong threat to Walmart China's cash cow, Sam's Club, in a battle to win over the country's high-end consumers.
German chemicals giant BASF is accelerating the building of a base in Guangdong province, with 100 percent shares and independent operation. The German Allianz (China) Insurance Holding Co Ltd will become the first newly established foreign insurance holding company in China.
General secretary says, 'Hard work can rejuvenate the nation'
Ghanshyam Bhusal, also a standing committee member of the NCP, said the China-proposed Belt and Road Initiative will play a great role in strengthening international cooperation and maintaining world peace.