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Shay said that engaging in a trade war with China will erase gains from the benefits of tax reform and result in higher prices for a wide range of consumer products and basic household goods.

Shambaugh, a professor of political science and international affairs at George Washington University and also a non-resident senior fellow at the Brookings Institution, noted that prominent achievements are seen in such areas as international governance, anti-corruption, military organizational reforms, technological innovation and economic growth.

Shang Yuying, deputy secretary general of Shanghai municipal government, said Shanghai has seen great spillover effect of the expo. Up to July, the year-around transaction platforms in the city have listed more than 13,000 products of 558 exhibitors from the first expo and imported goods worth 75.2 billion yuan.

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Several reports, including two submitted by the State Council on state assets, will also be discussed, according to the agenda.

Shares of energy equipment companies and oil and gas firms traded in Shanghai and Shenzhen jumped 3.96 and 2.96 percent respectively on Monday, according to Shanghai-based information provider Wind Info.

Shanghai has long envisioned to build itself into a global shopping paradise. According to the Shanghai Municipal Commission of Commerce, the city ranks second in the presence of cross-border retailers, and over 90 percent of international high-end brands are concentrated in the city.

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Shaanxi Provincial Cultural Heritage Administration has transformed Fengyan Terraced Fields , which can be dated back to 250 years ago, into a large outdoor ecological museum.

Shares of home appliance companies such as Qingdao Haier Co Ltd, Gree Electric Appliances Inc of Zhuhai and Midea Group Co Ltd were popular targets of investors.

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Shanghai unveiled on Friday an artificial intelligence-themed investment consortium on the sidelines of the World AI Conference 2020, giving its AI ambitions a further leg up.

Shawn He, representative of the office, told Xinhua last Thursday, "The Yunnan based companies have shown interest to increase economic and business engagement with South Asian and Southeast Asian countries."