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At what point will the enforced shutdown of the global economy become more harmful than the novel coronavirus?

At the same time, IKEA Supply China has promoted renminbi settlement to its domestic suppliers, the majority of which are small and medium-sized enterprises, He said. Although these SMEs held a wait-and-see attitude at the beginning, the relatively stable renminbi rate has convinced them to go for the change, she said.

Atif Kubursi, professor emeritus of economics at McMaster University in Hamilton, Ontario, notes that China is Canada's second-largest trading partner after the United States. The integration of the two economies is so massive and profound that the supply chain crosses the country and reaches far into China, Kubursi said.

At the Boao Forum, Xi pledged that China will significantly lower import tariffs, including tariffs for vehicles; strengthen intellectual property protection; and improve market access and the investment environment.

At the China-Netherlands Business Forum