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Andres Borquez Basaez, director of Chinese Studies Program at the Institute of International Studies with the University of Chile, said the world economy was an interdependent system and US-China trade friction would cause damage to developing countries.

And, rising interest rates at home and abroad are hurting smaller lenders. While they enjoy a tip of surging loan rates but, with a narrower deposit base, they have to put up with heavier funding costs in the interbank market, where the State-own banks are the biggest lenders, noted Herrero.

Analysts noted that the fluctuation of Canada Goose's stock prices has been impacted by the recent social criticism of the killing of wild animals. Some experts said the apparel company's stocks have been impacted by the arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co.

Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."

And at Moody Gardens in Galveston, a team from Harbin, the capital of the northeast Heilongjiang province, sculpted 138-kilogram blocks of ice into monkeys, butterflies and orchids to create an exhibit for holiday makers.