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But Cheng Chunshu, deputy director of Golden Credit Rating International, said the financing cost for Chinese companies in overseas markets will also rise this year as the US Federal Reserve continues with its rate rise plan, which will narrow the gap between onshore and offshore interest rates.

British Ambassador Karen Pierce affirmed her country's belief in the rules-based international order.

Brosh spent her early childhood in California before moving to rural Idaho at the age of 7, according to public reports. She graduated with a bachelor's degree from the University of Montana in human biology.

Boyce launched the global celebration of baijiu three years ago, with participants hoping to raise the profile of the world's most-consumed spirit. Despite its popularity in raw numbers, the liquor is mostly consumed in China and the Chinese diaspora and is little-known in drinking cultures beyond, such as the US, Europe and Australia.

Brent crude, a worldwide benchmark, briefly fell below a barrel for the first time in 2.5 years in mid-day trading Thursday, but closed at .37. The decline continued Friday and the price fell to .88.