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"By 2040, Shanghai's container capacity will reach 45 million TEUs, or 20-foot equivalent units, and the airports will handle more than 180 million passenger trips with more than 40 percent being international passengers," Ying said.

"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.

"But now, it has become a signature event for the ancient village and brings in real money for the villagers."

"Child rearing is crucial and it needs support from government, employers and parents," she said. "We hope the new guideline can help instill a new concept in society, rather than impose a burden on enterprises."

"China owns more than 35 percent of the US debt held by foreigners, but this uncertainty is pushing China to look for ways to diversify its investment away from the dollar. Why on earth would we want to incentivize diversification away from the dollar?" O'Hollaren asked. "The more our economies are interconnected, the less likely we are to take actions that will hurt each other's interests."