In mid-April, Boeing reduced its monthly production of 737 MAX planes from 52 to 42, a cut of nearly 20 percent. Problems stemming from the worldwide grounding of the MAX jetliner drove Boeing's net earnings down 13 percent in the first quarter of 2019 compared with the first quarter of 2018, the company said in its quarterly report released earlier this month.
In his remarks on the occasion, Kwesi Quartey, Deputy Chairperson of the AU Commission, hailed China's rise and development as "very, very impressive, incredible," which he said is best example for Africa.
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In more normal times, such disagreements would have been confined to the closed environment of the NSC. But that was blown apart by the April leak.
In light of the downward pressures on growth, China's policymakers have already eased their macro policy stance somewhat and have indicated a readiness to ease further, if needed.
In its latest Economic Outlook released on Dec 1, OECD predicted that global gross domestic product will reach pre-pandemic level by the end of 2021, with China expected to account for over a third of world economic expansion.
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In other emerging regions, with many key markets like Brazil, Mexico, Turkey and South Africa already in slowdown mode before the pandemic, premium growth will turn sharply negative in 2020. And the downturn is expected to be most severe in emerging Europe, with a 10 percent contraction in premiums, the research showed.
In his nine-minute national address, Trump laid out his case for the wall on the southern border with Mexico, which he said is burdened with "a growing humanitarian and security crisis".
In his concludng remarks, Laourou said the members commended China on its recent reform initiatives aimed at broadening market access and investment opportunities, the greater involvement of the private sector in the economy, and its commitment to fossil fuel subsidy reform.
In his speech, Ji said both countries should boost people-to-people exchanges, promote cooperation to enhance people's livelihood, and consolidate the social and civil foundation for China-Bangladesh friendship.