Noting some governments have acted to reduce dependence on the Chinese economy, the economist said "policies that might be effective in reducing interdependence will come at a much higher cost to national budgets and, more importantly, to growth."
Noting that Chinese and US people are victims of the pandemic, he said that only through solidarity and collaboration can the international community triumph over the disease.
Obama rallied Democrats in Gary, Indiana, on behalf of Sen. Joe Donnelly, D-Ind., who faces a stiff challenge from Republican businessman Mike Braun. Later in the day, the former president campaigned in his hometown of Chicago for businessman J.B. Pritzker, Democrats' nominee for Illinois governor.
Nowak showed in his presentation the?importance of the cloud to the futures of some of the world’s largest tech companies. He displayed?two situations, one where cloud usage continues to grow and accelerate, and another where it slows down. For Amazon, under the bullish scenario, the cloud makes up just over half of the company’s market cap, and under the slower scenario, it still accounts for 35 percent of the business.
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Notably, it seems uncommon for middle-aged and elderly groups to buy things using these platforms. Though they still made up a minor percentage of the buyers, they have become a new group with sizable consumption power online, the report said.
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Nowhere is this trend more striking than in artificial intelligence, innovation, mobile telecom tech, smartphone apps, new energy, driverless mobility, robotics/automation, e-commerce and social commerce.
Noting that the mainland market was essential for Hong Kong's sustained stability and prosperity in the past two decades, Chow said that it is important to mark the 20th anniversary of Hong Kong's return to China to reinforce people's confidence in the "one country, two systems" principle.
Of all the projects, 5,811 entered the implementation stage, with a combined investment of 8.8 trillion yuan.
Noting that the development plan for the Bay Area attaches great importance to expediting infrastructural connectivity, the official said the upgraded port could promote exchanges between Macao, Zhuhai and other cities in Guangdong by boosting travel, investment, trade and business cooperation.