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Bruce Zou, international project manager and China specialist at Kentucky's Cabinet for Economic Development, was also on the mission. He said CIIE's results "speak for itself."

Brent crude oil, a worldwide benchmark, fell Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management, told CNBC, "Fiscal stimulus is the antidote that can bridge the gap between what was happening before the coronavirus and what will happen after it. It certainly can't cure the virus, but it can help contain some of the economic fallout. Today's trading activity is the market trying to gauge whether the stimulus is going to be sufficient.".11, or 0.21 percent, to .72 a barrel amid fears of lower demand for energy in a worldwide economic slowdown caused by the coronavirus outbreak. It was the fourth consecutive down day for oil prices.

Breaking the implicit guarantees is expected to shift risk-averse investments into safer instruments and reduce the demand for illiquid corporate bonds, which may slow down the overall growth of credit, said Li Qilin, chief macroeconomic researcher at Lianxun Securities.

Brown's fascination with China began in the 1970s when he was stationed in Taiwan with the US Air Force. In 1988, after graduating from university and selling his company, Brown moved to Xiamen with his wife and two sons.

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