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As the US accounts for almost one-fifth of China's exports, or the equivalent of 3.6 percent of the country's GDP, large-scale additional tariffs could have a noticeable impact on China's economy and would have knock-on effects for the supply chain across the rest of Asia, said Andrew Fennell, director of the Sovereigns Department in Hong Kong of the global credit rating agency Fitch Ratings.

As the protocol of the second phase of the China-Pakistan Free Trade Agreement came into effect this year, the ambassador said the protocol would facilitate enhanced and sustainable growth in trade relations between the two countries for mutual benefit and help tackle Pakistan's trade deficit in the coming decades.

As the new wave of tariffs that came on top of the billion worth already taxed earlier this year begins to make China look more expensive, few other places around the world can match China’s advantages — its highly skilled workforce and the reliability of the supply chains.

As the olive soap is a very important item for exportation, maintaining the prewar quality will surely help the traders export more of this material to enhance their economic situation.

As the program?got under way, Christopher drew the attention of hundreds of spectators to a white dot approaching from the north. “It seems like a normal jet, but this is about to make history,” he said.