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"Commercial war is not the proper answer to this evolution," he said. "A commercial war ... is not consistent with our mission, with our history, with our current commitments for the global security. At the end of the day, it will destroy jobs, increase prices and the middle class will have to pay for it."

"China's AI talent (pool) is only half that of the United States, which may (hinder) future development of (the) AI industry (here)," a report from the Tencent Research Institute stated.

"Chinese consumers, especially those well-educated groups, want to enjoy life … they care about their individuality and love to live in a sustainable way," she said, noting many of them have unique tastes and pay attention to the green factor－are materials sourced in an ethical, sustainable manner, and are they recyclable?

"Countries like Australia, for example, could gain from developing financial services and education for the region. Without India you could see the Philippines gain with its business process outsourcing. Countries like Vietnam, Thailand and Indonesia could see gains in manufacturing."

"Chinese consumers are more sophisticated and attach more importance to quality and value. They prefer products that are pleasant to the eye, user-friendly, intelligent, and ideally, connected. We made major adjustments to our product lines last year and took steps to shorten the time spent on research and development," he said.