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As a country that has benefited hugely from opening up, international trade and investments in the past 40 years, China is now a major champion of globalization. The value of China's foreign trade in 2017 rose 14.2 percent year-on-year to .34 trillion and will only continue to grow.

As for the tanks, Trump tweeted: "You've got to be pretty careful with the tanks because the roads have a tendency not to like to carry heavy tanks," the president acknowledged, "so we have to put them in certain areas''.

As an investor, Hillhouse will keep a close watch on TAL's performance and continue to bank on certain businesses for sustained growth, they said.

As a result of the controls, Chinese investment in the US dropped by 80 percent last year. "In my view, that's a tragedy, particularly if you need jobs in Indiana or Alabama," said Allen, who was visiting Silicon Valley.

As a result, CBOT soybeans, a key agricultural product the US exports to China, slid sharply.