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Concerns have arisen over escalating trade conflicts between the two sides, which would lead to a situation where normal trade disputes are solved by unilateral action rather than multilateral procedures, they said.

Coal prices in China may continue to rise during the upcoming heating season, despite the endeavors of regulators to stabilize them, due to strong demand and overcapacity reduction, experts said.

Compared with the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003, COVID-19 is less fatal but more widespread, and has far greater economic impacts as China's economic integration stands at a much higher level today, a report by the Shanghai Institutes for International Studies said.

Commercial buildings will pay more attention to environmentally friendly realty that safeguards and promotes health, and open areas in the future.

Co-sponsored by AESA, America East Shandong Chamber of Commerce and Confucius Education Foundation Inc, the festival features recitation of Di Zi Gui, literally Standards for being a Good Pupil and Child, a book written based on Confusious teachings that emphasize the basic requisites for being a good person and guidelines for living in harmony with others, as well as Chinese traditional dances, Shandong folk music and photo exhibitions.