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As US consumer demand for daily necessities will not change simply by raising the costs of imported products, the United States will either continue to import from China or it will import from Vietnam, India and other countries where prices are already higher. The result will be the same: US consumers will pay more for the same products, Lin said.

As governors reopen their states and ease restrictions, they face questions of choice and risk, such as how much of public life should be reopened? And most important, will reopening lead to a new wave of the virus and even greater loss?

As a major global investment destination, China has maintained stable growth in foreign direct investment against a gloomy global setting. Its FDI grew by 3 percent year-on-year to 5 billion in 2018, while the figures for the world as a whole and developed countries dropped 41 percent and 69 percent, respectively, in the first half of last year, said Zhong.

As competition heats up, only four to five smartphone vendors will have global influence in the end, said Zhao Ming, president of Honor, one of the twin signature smartphone brands owned by Huawei Technologies Co Ltd.

As both China and Italy are ancient civilizations that were closely connected by the ancient Silk Road, Sequi said, the two sides can continue to broaden cooperation under the Belt and Road Initiative to constantly reach a new level and enrich the China-Italy comprehensive strategic partnership.