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"Digital trade" refers to the production, distribution, marketing, sale or delivery of goods and services – domestically and abroad – supported by cross-border digital flows. This consists of trade in digitally enabled products and services and cross-border data flows that create economic value in the domestic economy, according to the report jointly released by the Center for China and Globalization as well as the Hinrich Foundation.

"Enhancing political mutual trust is the prerequisite to the stable development of state-to-state relations," Xi said.

"Education is the answer to this problem. The march of technology is inevitable and we have to move forward because there is no alternative," he said.

"Despite the shelter-in-place in the first quarter, Baidu's total revenues declined just 7 percent year-over-year, resulting from our diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses and iQiyi. With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the Chinese economy," said Robin Li, co-founder and CEO of Baidu.

"Depending on who you talk to, immigration is either a good thing or a bad thing," he said. "But what many people fail to understand is this country was built on immigration ... from the Afghan camel drivers who were brought in to open up the harsh interior, to the workers who built the Snowy Mountains Hydroelectric Scheme.