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The US firm has been investing heavily in China, from opening new Sam's Club stores to partnering with Dada, a local grocery-delivery platform, CNBC reported. Earlier this month, Dada announced that Walmart's 400-plus stores in China have been connected to the online platform, which promises delivery within an hour.

The US-China Business Council, he noted, predicts that American goods and services exports to China will double to 9 billion in the next decade and rise to 0 billion by 2050.

The US is aiming high. In a series of tweets posed on Monday, US President Donald Trump said, “Under our potential deal with China, they will purchase from our Great American Farmers practically as much as our Farmers can produce.”

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The Tuesday meeting reviewed and adopted a draft guideline on strengthening CPPCC members' sense of mission, a draft revision of the general rules on special committees under the CPPCC National Committee, and a plan (2020-2025) for promoting the application of information and smart technologies in the work of the CPPCC National Committee.

The US Postal Service said a 29-year-old employee was among the seven people killed.

The US and China announced the deal on the text of a phase-one economic and trade agreement last week, which underpinned market sentiment. US President Donald Trump said on Monday that the deal is nearly complete, with some translations still to be done.

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The UK has also effectively hamstrung itself in the race to achieve widespread 5G, and all the supplementary benefits that technological milestone will bring, according to Ed Brewster, a spokesman for Huawei UK.

The US medical and consumer goods giant's new investment in Suzhou has offset the concern that foreign medical companies' confidence in the Chinese market is waning, especially since US pharmaceutical giant Eli Lilly announced in early September plans to shut down its China R&D center in Shanghai. British pharmaceutical firm GSK said in August it would close its R&D center for neurological diseases in Shanghai.

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The US tariff list is harming its own enterprises. It will affect many high-tech and advanced manufacturing products made by US firms operating in China, according to Professor Wang Xiaosong of the Renmin University of China.

The US electric automaker sold 10,160 cars in China in March, its highest-ever monthly sales in the world's largest auto market, according to latest figures from the China Passenger Car Association.