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Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

And the PLA has lived up to its mission in the past century.

Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, said in a news conference after the Fifth "1+6" Roundtable China is expected to be the only major economy that will achieve positive growth in 2020, while global GDP will decline by over 4 percent this year, the largest annual fall in output since World War II。

And yet, NPD reports, even though it’s also declining, adult fiction remains the most popular ebook category, with 44 percent of all adult fiction sales in digital form.

Andres Abadia of Buenos Aires consultancy Pantheon said Argentina's austerity measures "should be seen as a positive, but market confidence in Argentina remains fragile".