Given renewed lockdown measures across Europe and fears of a second pandemic wave more widely, "there is little in global trade trends to suggest that the AEs (advanced economies) recovery will be swift or pervasive," noted Vasiljev.
Geely sold 1.24 million cars in 2017, up 63 percent year-on-year, becoming one of China's fastest-growing brands. In November 2017, Geely unveiled the first model from its new brand Lynk & CO, which is designed to take on international brands.
Germany takes over the rotating six-month presidency in the second half of 2020. Germany has been calling on the EU to unify its position and policy toward China, and it believes that cooperating with China as a whole will also strengthen the unity of the EU, he added.
Given the large scale of the BRI, which involves more than 60 countries, Kavalski said, "Starting with small-scale projects might be more effective and bring more benefits long-term for China, rather than trying to do multiple projects at the same time in different regions."
Given that the Hong Kong SAR has such a legal loophole, which exposed some new risks and problems related to the safeguarding of national security in recent years, Zhang Yong said the central government cannot turn a blind eye to the issues. Otherwise it would be a dereliction of duty, he said.
George Siy, an analyst at Manila-based think tank Integrated Development Studies Institute, hopes that ASEAN leaders will continue to promote cooperation over conflict. He stressed that ASEAN centrality has become "more important" given how the strained US-China relations are affecting Southeast Asia.
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GemShare co-founders Maryam Mohit and Claudine Ryan.
Gary Shapiro, chief executive of the CTA, told The Wall Street Journal that the tariffs could affect this year's holiday shopping season because retailers are now starting to plan their orders for the end-of-year rush. "The uncertainty level is extraordinarily high," Shapiro said.
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Global gross domestic product (GDP) growth in 2019 was downgraded to a "weaker-than-expected" 2.6 percent, 0.3 percentage point below previous estimate in January, the report said. Global growth is projected to inch up to 2.7 percent in 2020.