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Desta Tesfaw, an Ethiopian student who completed his doctoral program at Peking University's Institute of South-South Cooperation and Development, said that in the current highly globalized world, China's current and future development has direct and indirect effects on the progress of other developing countries.

Despite these record increases, Amazon remains well behind fellow tech giants in the profit department. Earlier this week, Microsoft reported net income of .8 billion, more than double Amazon’s record this quarter on about half the revenue of its rival.

Despite trade tensions, economists expected China's steadily expanding economy and continued opening-up policies to offer a foundation for balanced capital flows in the coming months.

Despite the novel coronavirus outbreak and unfavorable weather conditions in some regions, China has seen the construction of almost 73 percent of its 110 major water conservancy projects resume, according to the Ministry of Water Resources.

Dialogue and cooperation between the two sides in various areas should be pushed forward proactively, and political dialogue should be reinforced, he said, adding that the political settlement of international and regional hot spot issues should be jointly carried forward.