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China's rapidly expanding industry also benefits the US, as seven Hollywood movies earned more in China than they did in North America in 2017, says Rivkin.

China′s administration helped to shape the initial impetus for Duisburg's close rail link with China. Members of both governments, China and Germany, experienced the arrival of the "Yuxinou train" with me on March 29, 2014 during his state visit to Germany. At that time, the 10,300-kilometer route between Chongqing and Duisburg harbor was covered three times a week. Today, about 40 trains per week run between Duisburg and China. With the "One Belt - One Road" initiative, China has opened the gateway to Europe for transcontinental rail transport in Duisburg Port. We initiators have been somewhat smiled at for this idea of regular train services over such long distances. Today - in the midst of the corona crisis - it is precisely rail transport that keeps the value-added chains alive in air and sea freight as the frequency of air and sea freight declines. Already in the coming weeks we will reach pre-pandemic levels in trade with China. And that is a positive and hopeful development in difficult times. For our Chinese friends, as well as for us.

China's retail sales, which posted their first positive year-on-year growth last month, remained the weakest link as other economic indicators, such as investment and industry, pointed a more robust recovery in August.

Chinese Premier Li Keqiang also sent a message to his Algerian counterpart, Ahmed Ouyahia, to express his condolences over the accident.

China's yuan climbed to a 16-month high on Wednesday as the better-than-expected economic data reinforced the market's confidence in the country's recovery from the COVID-19 epidemic.