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"California has the 10th largest economy in the world, with a strong global exporting presence, particularly in areas like agriculture and technology" so the state probably didn't want to miss out on the potential economic development prospects associated with BRI, he said.

"China has maintained its growth resilience and gained reform momentum," said John Litwack, World Bank lead economist for China. "The authorities have undertaken a host of policy and regulatory measures aimed at reducing macroeconomic imbalances and limiting financial risks without notable impact on growth," Litwack said, adding that this year has been a "successful" year for the world's second-largest economy "on many fronts".

"China Daily Hong Kong Edition was founded to cater to the city's huge community of English-speaking readers — to bring them news, views and in-depth research-based features from across China and beyond.

"China and many other leading economies today have joined the elite club of the developed world by promoting and supporting the flow of FDI into the developing world. They hope that such flows will uplift the livelihood of many poor people," he says.

"By making sacrifices and temporary changes, we can protect the health of our people and our economy," Trump said. "I think our economy will come back rapidly. If we do this right, our country and the world frankly, but our country can be rolling again pretty quickly."