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Senior officials of Caribbean and Latin American countries have voiced their countries' readiness to expand cooperation with China through the Belt and Road Initiative.

Service cuts also might erode future ridership: Fewer riders on fewer and less reliable trains could lead to even lower ridership, and less revenue to fund operations. That, in turn, could lead to additional service cuts.

Second, we need to work for an open world economy. The momentum of world economic recovery has not come easily. An important experience we have drawn was that we strengthened policy coordination and embraced openness and cooperation in addressing the global financial crisis, which enabled us to avoid a repeat of the 20th-century Great Depression. Nevertheless, for recovery to evolve into sustainable growth, it would still require us to uphold the spirit of partnership, remain oriented to openness and development, promote trade and investment liberalization and facilitation, and make global division of labor more cooperative, balanced and beneficial to all. Adopting protectionist measures or provoking trade frictions cannot help any country to overcome its development bottlenecks. They will only exacerbate volatility in global markets and affect the well-being of all people and the prospect of world peace and development.

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Senator Bob Casey of Pennsylvania, a Democrat who has called for Trump to resign, tweeted: "I urge the administration to follow through and to take aggressive measures to ensure our workers can compete on a level playing field."

Sectors of domestic software and cybersecurity notched solid gains, with shares of Beijing Tongtech Co Ltd surging by the daily limit of 10 percent to 52.25 yuan apiece.

Senate Democratic leader Chuck Schumer said Tuesday night that the Trump administration seems to believe that the answer to any problem is a tax cut.

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Secretary for Labour and Welfare Law Chi-kwong said Hong Kong's unemployment has been edging up due to both internal and external factors and the government has provided skills upgrading courses and training allowance to ease the situation.

Serving Thailand's northeastern regions and covering major cities, the railway network will be a powerful engine for economic development and better standards of living in the region, he said.

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Second, the "going global" trend of Chinese companies will provide more investment to other countries. Last year, global foreign direct investment dropped by 16 percent, becoming an important drag on world economic growth. For the next five years, foreign investments by Chinese companies are expected to reach 0 billion, which will provide more investment power for the host country's economic growth. In particular, China will cooperate with developed economies in developing third-party market cooperation.

Seng Yee Lau, senior executive vice-president and chairman of group marketing and global brands at Tencent, participated in the panel discussion as a representative of China's internet technology sector.