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"For the first time in months, the United States and China are moving in the right direction on tariffs and we congratulate negotiators from both sides," David French, NRF senior vice president for government relations, said in a statement.

"Global institutional investors are currently underweighted in Chinese assets. As the importance of China's economy and the yuan increases, adding positions on these assets will become the norm for foreign funds," said Fang Xinghai, vice chairman of the China Securities Regulatory Commission.

"Further strengthening policies to support small businesses is a crucial part of risk control in the future," Zeng said.

"Given that the former is an impossibility, the latter seems the natural choice. But it would require a degree of global leadership and cooperation that is sorely lacking," the former governor of the Reserve Bank of India said in a Project Syndicate article on Friday.

"From rhetoric to reality, topics being discussed and debated during the WIC are increasingly extensive and profound. The event offers enterprises a glimpse of more opportunities and how global internet is facilitating high-quality development," he said.