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Despite the short-term negative effects, US winemakers are more concerned about the long-term impact.

Dominik Peschel, head of the economics unit for the Asian Development Bank resident mission in China, noted that China has registered recovery in industrial production in March, which was surprising.

DoD was expected to award the contract as early as this month. It isn’t clear whether Trump’s inquiry will impact the timeline.

Despite their rapid development, countries in the region face significant challenges. The spillover impacts of global economic and financial crisis and of lower oil and gas prices have been acute. Climate change is a major global and regional challenge. These issues do not respect borders and underscore the value of working together to navigate the shifting development landscape.

Despite world economic recovery and a strong domestic economy, there are still many uncertainties for China's trade growth in the final quarter, according to Huang.