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Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said the initiative is "very significant especially at a time of 'deglobalization'". But the "historic signing" of the RCEP has shown that the participating Asia-Pacific economies are committed to open and free trade.

Response measures will be taken, including restricting or banning exports and imports, sequestration and recall of defective products, according to the guideline.

Retail and travel experts fear the recent move will reduce the UK's attractiveness to Chinese visitors, as it will be the only European country not to offer tax-free shopping to international travelers, presenting a major competitive disadvantage.

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Roger Sheng, a senior analyst at research company Gartner Inc, said "the Kirin 970 chipset marks a big improvement from its predecessor, giving Huawei a major edge when competing head-to-head with Apple".

Roberts cast the deciding vote when the justices last year on a 5-4 vote blocked Louisiana's law from taking effect while the litigation over its legality continued.

Robin Xing, chief China economist with Morgan Stanley, said that policymakers should focus on stimulating demand by introducing a special deficit for fighting the epidemic which would not be bound by the official fiscal deficit target. The government could raise funds for the deficit by issuing special government bonds.

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Revenue of the funds increased 28.8 percent to 3.14 trillion yuan in H1, while expenditure climbed 23.8 percent to 2.47 trillion yuan, he said.

Roberto, who is studying a Master's degree in international trade at Zhejiang Gongshang University, is one of the many foreigners in China who are experiencing the dynamics of the Internet economy and enjoying the convenience it has brought to everyday life.

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Rubber has always been the primary product on China's Hainan Island, a province that is the nation's southernmost point known for its tropical climate, beach resorts and forested, mountainous interior.

Robert Walker, an emeritus fellow at Green Templeton College at Oxford University, said one of China's biggest achievements in that time has been in poverty alleviation, which is something no other country has accomplished on the same scale.