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Crozier's remarks find an echo in a study by the US-China Business Council, an organization of over 200 US companies that do business with China. The study, published in August, showed that 83 percent of the US companies surveyed said China remains among their top five markets if not the most important one for them.

Currently, Asia is confronted with the heavy task of reducing carbon emissions as fossil fuels account for most of its power demand, the report said. The organization said that it is important to accelerate the development of cost-efficient clean energy production bases at locations with rich resources in West Asia and Central Asia, Mongolia, Russia, northern and western parts of China, and deliver energy to regions such as South and Southeast Asia, eastern parts of China and Japan.

Currently, the United States prioritizes spending on acute treatment, with far less spending on public health services and infrastructure, the authors noted.

Critics claim US trade policy toward Asia has made it an 'unreliable' partner

Currently, retailers pay Google to promote?their products within its search engine through a program called product listing ads. Although Google does not break out revenue from product searches, the WSJ says former employees say it is the company’s most lucrative ad division.