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Moon met and shook hands with Kim who serves as the first vice director of the Central Committee of the ruling Workers' Party of Korea of the DPRK.

Midea Group, one of the world's leading household appliance manufacturers, has teamed up with tech titan Alibaba Group Holding Ltd to launch business in the emerging new retail sector, according to sources with both companies.

Might Amazon be the one?

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Monetary authorities said the factor has been introduced to moderate cyclical fluctuations driven by irrational sentiment in the foreign exchange market. The factor, introduced in May, takes greater account of overall economic conditions and how they influence the yuan.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progress through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. "But there remains much work to be done," he said.

Mike Torres

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Models showcase Dove chocolate products at a themed event in Shanghai. [Photo provided to China Daily]

Minister of Science and Technology Wan Gang said during his keynote speech at the Pujiang forum that investment in basic scientific research coming from companies in China is not yet adequate when compared with leading developed countries.

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Mobile UK, which is the trade association for network operators EE, Telefonica, O2, Three and Vodafone, said a delayed 5G rollout would cost the British economy between 4.5 billion (.8 billion) and 6.8 billion pounds.

Monetary easing, which was popular among the world's major central banks to spur the economy, added approximately 0.5 percentage point to global growth last year, and 49 central banks cut rates 71 times since the 2008-09 global financial crisis. But more measures are needed to reduce uncertainty and put the global economy on a more solid footing, according to the IMF leader.