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Armies of the two countries have provided positive energy for safeguarding world peace and regional stability, Wu added.

"China's economy has remained basically stable and is performing within a reasonable range in the first half of the year," Premier Li Keqiang said Tuesday when addressing the opening ceremony of the Annual Meeting of the New Champions 2019, also known as the Summer Davos Forum, in the city of Dalian.

Even pictures on walls at the fair give a touch of new tech. Beside photos illustrated as China's poverty-stricken areas, visitors paused to scan QR codes underneath to find not only details but also local specialties that could be immediately ordered online, such as tea and pear syrup, as the e-commerce sales of farm produce is a part of China's poverty relief efforts.

Kimberley's hunch was right. According to U.S. newspaper the Star Tribune, a total of 84 farms in U.S. Upper Midwest region filed for bankruptcy between July 2017 and June 2018, doubling the number in 2013 and 2014, partly due to raging trade disputes.

"It is not surprising that markets have reacted favorably," Roberts said. "Assuming that the meeting stays on track, markets should continue to view the upcoming G20 hopefully."