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Diane Swonk, chief economist at Grant Thornton, a major accounting firm, said the Fed's latest action is "so important" and will help ease credit market conditions.

Despite the plan by the administration of US President Donald Trump for up to billion in subsidies for US farmers and the initial agreement with the European Union to increase imports of US soybeans to Europe, the US farm sector will suffer greatly due to the loss of the huge Chinese market, said Han Jun, deputy head of the Office of the Central Leading Group for Rural Affairs and vice-minister of agriculture and rural affairs, in an interview on Thursday.

Despite the week-long Spring Festival, Audi sold nearly 40,000 cars in February, up 22.6 percent on the same period in 2017.

Digital technologies will push forward the precise allocation of information, technology and production capacity to a great extent, said Liu Duo, head of the China Academy of Information and Communications Technology.

Domestic brands are now entering the global market. Data from Wismar Equipment Research Center said China's export volume of color equipment has steadily risen in the past few years. In 2017, exports reached 0 million, up 19.28 percent on a year-on-year basis.