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"Cutting taxes when the (US) economy is seeing full employment is likely to suck in more imports to satisfy some of the extra demand. The (US) trade deficit is already running at a 10-year high (and half of that is with the Chinese mainland) and is set to increase. The risk of trade friction seems likely to intensify in the coming year," cautioned Richard Jerram, chief economist at Bank of Singapore — the private banking arm of OCBC Bank.

"Even though Western medical theories sometimes conflict with our practices, it is important to learn about the human body," he said.

"Despite seeing great investment opportunities, those companies are also facing challenges like a lack of knowledge about local laws and regulations," Xu added. "We called for a commercial service center that can provide Chinese companies with such information services in ASEAN countries."

"Embroidery is the special bond between my mother and me," she said. Whenever she completes a piece, her mother is always the first one to see it.

"Every year I saw how the introduction of market principles allowed China to open up to foreign investment, and gave people the opportunity to set up businesses and build something out of nothing. The transformation created much-needed jobs, drastically raised living standards, and gave people the chance to build the lives they always wanted. It was the beginning of the Chinese dream," Ulrich said.