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While in his early 20s, Leon Vandermeersch learned Chinese at the National Institute for Oriental Languages and Civilization in Paris, and became a student of Li Zhihua, the first linguist from China to have completely translated The Dream of the Red Chamber-a Qing-era novel and a hallmark of Chinese literature-into French.

While protectionism is casting a shadow over the global economy and might gradually create profound changes in industrial distribution, China and Europe, who are both firm supporters of global free trade and economic integration, should strengthen their economic exchanges, said Xiong Meng, executive vice-president of the China Federation of Industrial Economics, at a news conference for the summit in Beijing on Wednesday.

While ongoing trade disputes have fueled some worries about the inflation outlook and worries from expected few export orders as the trade row deepens, the impact is expected to be rather limited, according to Niu Li, an economist with the State Information Center.

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White House Chief Strategist Stephen Bannon (L) attends a meeting between US President Donald Trump and congressional leaders to discuss trade deals at the at the Roosevelt room of the White House in Washington US, February 2, 2017. [Photo/Agencies]

While the goods pass through two Customs, Huida just needs to submit the documents to Taicang Customs and wait for the goods there. "Compared with transporting by barge, transporting by truck was more expensive and time-consuming," Wei said.

While a few big US fund operators including Bridgewater Associates and Citadel are doing business in China, few Chinese asset managers launched hedge funds in the US before.

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While speaking to reporters on Monday, Trump also noted that diplomacy has not been exhausted when dealing with Iran.

While the US is still ahead, Meeker referred to China as "focused and organized and gaining," highlighting that with a quote from former Google CEO Eric Schmidt, who has predicted that China and the United States could be equal in artificial intelligence prowess within the next five years.

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While walking around the streets, I noticed that only a few old ladies wore traditional clothing. Most of the locals, especially the men, wore modern casual wear, and like me, browsed social media or shopping websites on their smartphones every now and then.

While the breakthrough is valuable, there's no time for rest; rather, all parties concerned must work even harder to finalize the deal and create renewed hope for a troubled global economy.