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"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"Consumer spending has rebounded in recent months, but increasing concerns among consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead," said Lynn Franco, senior director of economic indicators with the board.

"Crowds are usual on some mountains. It's not a new phenomenon. Climbers often lose their lives when they don't follow the instructions of Sherpa guides and make decisions on their own," Kami Rita, an experienced Sherpa who has reached Qomolangma's summit 24 times, told Xinhua News Agency.

"China's current public debt level, by our definition, which is a broad definition, is still moderate in an international context," said Alfred Schipke, the IMF's senior resident representative for China.

"Currently, our vehicles are able to achieve level two automation. Next year, they will be level three," Zeng said. The company will gradually realize automated parking and self-driving on highways, he added.