Retail sales, which are only slightly down in June compared with the same month last year, have done "extremely well" compared with other economies and "improved dramatically," the veteran China watcher noted.
Ruan Chuansheng, a law professor at the Shanghai Administration Institute, agreed to harshly punish such impostors, but he said that the situations that should be defined as "serious" and the exact penalties for offenders need more study, as such cases involve many complex circumstances.
Royal DSM NV, the world's biggest maker of vitamins, said it expects more than 10 percent revenue growth in China in the second quarter of this year compared to the same period last year.
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Richter said the US should pay more attention to China's progress and contributions than to its negatives.
Reuters reported on Wednesday that German Chancellor Angela Merkel wants to agree to a deal with China not to spy on each other, so that Germany does not have to exclude Huawei on principle from building a 5G network in Germany.
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Roberto Azevedo, director-general of the WTO, has warned that if global trade rules are not effectively implemented, the world economy would return to an era of the "law of the jungle."
Rubber has always been the primary product on China's Hainan Island, a province that is the nation's southernmost point known for its tropical climate, beach resorts and forested, mountainous interior.
Rosen countered: “If they get it right, it is 20 percent probably. But, if they screw it up, it is single digits.”
Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), said in a speech on Tuesday that the watchdog is close to launching five cases against Google and Facebook for breaches of Australia's competition, consumer and privacy laws.