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"Furthermore, there will be no vacillation in consolidating and developing the public sector, or in encouraging, supporting and guiding nonpublic sector development," he said. "With the deepening of State-owned enterprise reform, especially mixed-ownership reform, more private capital will be encouraged to participate in the reform."

"Forty years ago, the China-US diplomatic relationship, along with China's reform and opening-up, almost started in the same period," wrote the ambassador.

"For the first time in months, the United States and China are moving in the right direction on tariffs and we congratulate negotiators from both sides," David French, NRF senior vice president for government relations, said in a statement.

"First, work resumption is well underway. Second, policy support is ramping up, including interest rate and RRR cuts, tax and fee cuts, various lending facilities and subsidies," Lucy Qiu, an emerging markets strategist at UBS Global Wealth Management, told Xinhua.

"Getting the information and designing products－that is a very difficult situation everywhere," said Jonathan Morduch, a professor of public policy and economics at the Wagner Graduate School of Public Service at New York University.