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The US goal is to shift production from China to other countries, such as Vietnam, Bangladesh, or Ethiopia. Labor intensive manufacturing is not going to move back to the US.

The United Kingdom is well positioned to seize opportunities stemming from China's consumption upgrade, a minister from the China's embassy in the UK said at an event in London on Wednesday.

The US Capitol Building is seen at sunset in Washington, Dec 19, 2018. [Photo/IC]

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The United States continues to sell about billion more in services to Chinese customers than China does to the United States, with tourism and education being prominent examples, he said.

The US Dow Jones Industrial Average has recovered by 4.6 percent from the recent low. The index fell 1 percent on Tuesday snapping a six-day winning streak while the S&P 500 Index also pulled back by 0.6 percent.

The Tula plant, with an investment of 0 million, started production in June 2019. It is Great Wall Motors' first wholly-owned overseas plant.

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The US' designation of the DPRK as a state sponsor of terrorism could lay waste to the efforts of China and Russia to bring the DPRK back to the negotiation table. Instead, it could be used by Pyongyang as a pretext to renew its weapons tests, thus restarting the vicious circle of escalating tensions on the peninsula that had seemed in danger of spiraling out of control.

The United States currently tops the world in total cases and deaths, with the state of New York suffering the most with 230,579 cases and 17,131 fatalities.

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The US Department of Justice, questioning Harvard University's use of race as a criterion in its admissions process, on Thursday supported Asian-American applicants suing the Ivy League school for discrimination.

The United States and its allies waged more than 100 strikes on Syria on Friday in a "one time shot" that the Pentagon said the attack directly at the Syrian government.