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Analysts believe the moves were made to stabilize market expectations as liquidity demand could increase due to taxes and required reserves as well as more maturing securities.

Angel Pascual-Ramsay, director of Global Risks at ESADEgeo-Center for Global Economy and Geopolitics, said: “Spain can be a good ally for China, our histories have a lot of similarities, we both understand the need to balance economic growth with social stabilities, and economically we are very open to Chinese investment.”

And finally, for a customer-obsessed company like Amazon, you can’t overlook what people want. And people want to live in Toronto. The fourth-largest city in North America, our regional population is 6.4 million and growing fast.

And we believe there’s also a broad area of convergence between the Belt and Road Initiative and ASEAN, on the Association of Southeast Asian Nations Master Plan of Connectivity. So, because of this, we see that there are broad areas of possible cooperation that we can pursue.

Andrés Ortega, senior research fellow, Real Instituto Elcano, said: “China’s controlled but ongoing globalization is essential for economic development. The US is pulling back, but not the rest of the world, with the effect being a loss of jobs and salaries. We need to recover multilateral, not unilateral, control on globalization and to make it more inclusive.”