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America's trade deficit is - first and foremost - caused by excessive consumer spending, low savings and a huge fiscal deficit, not trade with China. After removing the usual 20 percent error from the US published figures for trade in goods and taking into account America's enormous service trade surplus, the true deficit with China amounted to 0 billion in 2018 - a fraction of some of the wild exaggerations sometimes claimed.

Amazon’s timetable for same-day delivery. (Amazon Photo)

Among the pertinent issues highlighted during the ceremony were China's decisive leadership by building synergies with conservation, innovation and technology.

Among them are children from less-developed areas in China, such as Danzhai county in Southwest China's Guizhou province, who are getting the chance to travel abroad for the first time. Young Chinese players from Wanda's Future Football Stars program are also joining in.

Amid growing concerns about the global economic outlook, geopolitical risks and the sporadic resurgence of the novel coronavirus epidemic, prices of the yellow metal have been rising as safe-haven buying continued to spur gold to greater heights. Gold prices hit ,944.68 per ounce on July 27, breaking the previous record of ,921.15 seen in September 2011. Prices have risen by about 25 percent so far this year, according to data from Shanghai-based market tracker Wind Info.