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As a result, the Federal Open Market Committee (FOMC) is likely to leave the federal funds rate at its current target level of 1.50 to 1.75 percent. The rate determines what banks charge each other for overnight lending, but also affects the cost of consumer debt and therefore influences spending.

As a heart surgeon at the Royal Victoria Hospital in Montreal, Shum-Tim is known for his volunteer work to help patients in remote areas of China.

As for the China-proposed Belt and Road Initiative, Shambaugh said that it is "a welcome initiative" and "has great potential for many countries and global development."

As a company, we also believe we have a role to play in overcoming these challenges and improving the lives of the communities in which we operate. For example, Yum China has implemented a series of signature corporate social responsibility programs designed to complement the government's poverty alleviation goals and priorities, including the One Yuan Donation Program, which encourages consumers to donate one yuan to help children living in impoverished areas across China gain access to nutritional meals.

As a province that used to rely heavily on coal mining, Shanxi in North China is now diversifying its economy through industrial reform.