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The European Union stands to receive more benefits as China's market opens further, since the country recently became the European Union's largest trading partner, said Joerg Wuttke, president of the European Union Chamber of Commerce in China during a visit to Shenzhen, Guangdong province.

The Democratic People's Republic of Korea (DPRK) and the Republic of Korea (ROK) marched together under a unified Korean flag during the opening ceremony of the 2018 Pyeongchang Winter Olympic Games at Pyeongchang Olympic Stadium in Pyeongchang, South Korea, Feb 9, 2018. [Photo/Xinhua]

The FAA declined to comment on the incidents that pilots reported, but said it wasn't aware of any verified reports of issues related to the anti-stall system, called MCAS for its acronym, according to the media reports. That anti-stall system only activates if the autopilot is turned off, according to documents Boeing has shared with airlines and the FAA.

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The Chinese president will arrive in the Tajik capital of Dushanbe for a state visit on Friday and will attend the fifth summit of the Conference on Interaction and Confidence Building Measures in Asia during his stay.

The DPRK has long accused the joint military drills of the United States and the ROK of heightening tensions on the Korean Peninsula. Washington and Seoul recently agreed not to conduct any joint military drill until after the upcoming Pyeongchang Winter Olympics.

The Civil Aviation Administration of China and the National Health Commission have forged an action plan to transfer patients via flights. The "air ambulance service" with continuous first aid aims to enhance the survival rate.

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The Congressional Budget Office projects GDP growth of 2.2 percent this year.

The Ethiopian government, similar to what China does, makes five-year plans for economic development. Berhane said that the country is in the second phase of the Growth and Transformation Plan, which aims to develop Ethiopia into a low-level developed nation within 30 to 35 years.

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The Element plant is 30 miles north of Columbia, the state capital. It is one of Fairfield's largest remaining employers, according to The State newspaper.

The Dow Jones Industrial Average erased 572.46 points, or 2.34 percent, to 23,932.76. The S&P 500 decreased 58.38 points, or 2.19 percent, to 2,604.46. The Nasdaq Composite Index was down 161.44 points, or 2.28 percent, to 6,915.11.