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Behind the change of rhetoric are several years of successful overseas ventures by Chinese enterprises that have helped gradually gain a more favorable reputation for Chinese investors. Geely's investment in Volvo is no doubt one of these examples that have benefited all parties involved.

Beijing-based tech engineer Yang Xinhao is a regular visitor.

Before the market opened on Wednesday, the VIX registered 29.12, down 2.34 points from the day before. The fear index peaked at 89.53 in October 2008 during the financial crisis, sparked partly by the collapse of the subprime housing market. In 2017, the VIX stood at 9.19, its lowest ever.

Beijing added 2,790 new energy buses as the first such major batch order in China was delivered Monday.

Beijing and Washington share "more common interests than disputes, and more need for cooperation than friction", Guo said.