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Dong Dengxin, director of the Finance and Securities Institute at Wuhan University of Science and Technology, said the switch from bull to bear market is "basically irreversible", as both technical and fundamental factors have pointed to the end of the 11-year-long US stock bull run.

Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology, said Monday's rise was a technical rally after declines, independent of economic fundamentals.

During a news conference for the half year fiscal report in Hong Kong in mid-August, Qian Jiannong, president of Fosun Tourism Group, admitted the traditional travel agency business is contracting and its outlook is not optimistic due to uncertainties in the global economy.

Due to its strong methodology and broad participation, the FT's annual ranking is amongst the most widely recognized in business management education. The ranking takes into consideration numerous indicators related to business schools' academics and diversity, while also tracking students' career progress, as well as schools' research and corporate social responsibility efforts.

Douglas Flint, the British Chancellor's city envoy to the Belt and Road Initiative, said Britain has abundant expertise to offer infrastructure projects along the Belt and Road including project financing, law, insurance, advisory, engineering and design.