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Both Hong Kong and Dubai, he says, are very good destinations for luxury branded hotels. But, he reckons Hong Kong, as the Asian financial hub, is a lot quicker, and more metropolitan, while Dubai is much more leisure-oriented and mainly focuses on the Middle East, richly endowed with its beaches, sun and sands. In Europe, there are a lot of unbranded family hotels and homestays, yet America offers more branded ones, according to Leser.

Birmingham on Thursday announced that it will come into force on July 5, and provide a boost to both economies amid the coronavirus pandemic.

Boeing's shares closed Monday on the New York Stock Exchange at 1.12, down .74, or 1.33 percent. The 52-week range is 2.47 to 6.01 a share.

Both companies vow to continue expanding their networks for clean energy and to expand inter-provincial trading of new energy this year, stepping up efforts to reduce the country's reliance on fossil fuels and meet its booming power demand.

Bilateral trade has rapidly grown in recent years, Wang said.