Tag Archives: economies

Greenwich, Connecticut, Hangzhou now ‘sisters’

When China was considering cities to host leaders of the world’s 20 major economies at last year’s G20 Summit, it chose Hangzhou in Zhejiang province. And when Hangzhou was looking for an American city to study in setting up a global financial center for the country’s fledgling hedge fund industry, officials selected Greenwich, Connecticut.

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Sino-US deal eases access to markets

China and the US have reached a new deal that will ease market access in agriculture, financial services and energy, marking both sides’ willingness to advance the trade relationship and alleviating fears of a trade war between the world’s two largest economies.

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World Bank head says initiative good for world economy

The China-led Belt and Road Initiative serves as a constructive platform to help achieve common prosperity for regional economies and contributes to global development, World Bank President Jim Yong Kim said on Sunday.

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Belt and Road can play cultural role: UN official

The Belt and Road Initiative’s impact on economies across the old Silk and Maritime roads also will be one of social and cultural exchange, leading to peace and stability, said the high representative for the United Nations Alliance of Civilizations (UNAOC).

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Xi: Open economies can solve global sluggishness

President Xi Jinping called on Tuesday at the Davos World Economic Forum for boosting open economies as a solution to global sluggishness.

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Trade war would hurt everyone, Beijing says

China hopes there will not be a trade war with the United States, which would harm not only the interests of the world’s two biggest economies, but that of the whole world, Vice-Minister of Finance Zhu Guangyao said.

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