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Both sides "spoke highly" of the significant and balanced outcomes achieved under the 100-day economic cooperation plan, an important consensus reached by Chinese President Xi Jinping and his U.S. counterpart Donald Trump during the Mar-a-Lago meeting in April, Zhu said at a press briefing on Wednesday.

Brazil is the second worst-hit country in the world by the coronavirus after the United States, with more than 74,000 dead and 1.9 million cases.

Both the report to the 19th National Congress of the Communist Party of China, delivered on Oct. 18, 2017, and this year's government work report drew up guidance and plans for future opening-up efforts of the country.

Builders continue to monitor how tariffs and the trade dispute are affecting key building material prices, said NAHB Chief Economist Robert Dietz. "These cost increases, coupled with rising interest rates, are putting upward pressure on home prices and contributing to growing affordability challenges."

Brick-and-mortar stores' digital transformation efforts lack efficient data and supply chain integration is limited, the company added.