The Under 2 MOU is a government coalition that refers to limiting warming below 2 degrees Celsius, which the Intergovernmental Panel on Climate Change (IPCC) scientists say is needed to avoid dangerous consequences.
The UNWTO recorded a total of 1.322 billion international tourist arrivals in 2017 and is expected to continue its strong momentum of development this year.
The United States has challenged the authority of the World Trade Organization by ignoring a WTO ruling, and such a move may escalate trade tension with China, experts said on Wednesday.
The US economy also showed signs of downside risks due to protracted trade tensions. On Sunday, Goldman Sachs lowered its forecast for US economic growth for the fourth quarter, noting the trade tensions' impact on the economy worsened and the odds that trade tensions would result in economic recession were growing.
The US central bank also indicated that the asset purchases will foster smooth market functioning and create accommodative financial conditions, while supporting the flow of credit to households and businesses. Coupled with the low interest rate, the asset purchases aim to increase support for the US economy amid the surging coronavirus outbreak.
The US-China Green Fund has made strategic investment in property management operator ChangCheng Property Co Ltd to jointly develop green and smart communities, according to the company's top management.
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The US Commerce Department issued new rules on Monday to expand restrictions on Huawei by limiting its access to components produced by non-US companies using American technology. It also added another 38 Huawei affiliates to its economic blacklist. Huawei did not immediately respond to the news.
The US summit, added Lu, will be an opportunity for Alibaba to remind the US audience of the strength of China e-commerce and it also underpins the company's renewed focus on reaching out to smaller businesses, something that was put on the sidelines when it prioritized growth at home.
The US firm's expansion plan comes at a time when foreign retailers like France's Carrefour and Germany's Metro Group have exited the Chinese mainland amid an increasingly tough retail environment. Walmart, on the other hand is looking to add more smaller-sized stores, enhance integration of online and offline shopping experience, said James Ku, senior vice-president of China Realty at Walmart.
The US economy is projected to grow 2.1 percent this year, 0.1 percentage point lower than the World Bank's forecast in January. However, it raised the forecast for US growth in 2018, up 0.1 percentage point to 2.2 percent. The growth will again slow to 1.9 percent in 2019, as it moves closer to potential.