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At the seminar marking the BRI's fifth anniversary last August, President Xi Jinping highlighted the need to move BRI cooperation toward quality development. This is the goal we are striving to achieve. To this end, we will work vigorously to harness development opportunities, further enhance the complementarity of the development strategies of various parties, ensure that projects launched meet high quality standards, and further promote international cooperation.

At such a moment, protectionism, populism and isolationism have all found economic and political outlets, including depressed cross-border trade and investment, heightened trade barriers, stalled regional integration and toughened immigrant policies.

Attacking the reporting as “phony,” Trump later said he appreciated Tillerson’s comments and that he had “total confidence in Rex.”

At present, visitors take ferries or hovercraft to get across the border on warmer days and buses on the floating bridge built on the frozen river in winter.

At present, consumption in China contributes to 36 percent of overall GDP, while the figure is 63 percent in the United States, which means a lot of potential to grow. However, retailing in China takes up 44 percent of GDP, which is higher than the United States. Therefore, despite the big potential of consumption to grow, it is not necessary for retail to grow at the same time, Pei said.