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Cohen believes that while the US is taking measures to hamper China's electronics and other high-tech industries, US consumers will pay more for goods and the benefits of the recent US tax cuts will be eroded.

Concerns about trade wars between the US and China and other key trade partners have grown after the US raised tariffs on imported washing machines and solar panels in January and signed proclamations this month on a 25 percent tariff on steel imports and 10 percent tariff on aluminum imports under the pretense of national security in the controversial Section 232 of US Trade Expansion Act of 1962.

Commitment highlighted

Conglomerates also face challenges, such as varied business environments in foreign countries, according to Chen.

Compared with statistics in 2009, Beijing's maternal mortality rate went down by 25.6 percent and the infant mortality rate dropped by 37.7 percent, according to the white paper.