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"China's relative successes in dealing with two major global crises in the past dozen years certainly stand in sharp contrast with the approach of other leading nations," he said.

"China will also take over the presidency of the Shanghai Cooperation Organization after the coming summit in Astana," he said, adding that the agreements signed during the summit will enhance relations between the two countries, as well.

"Compared with our October 2017 projection, which preceded the recent US tax and spending changes, we now expect the United States' current account deficit for 2019 to be roughly 0 billion higher," he said.

"Companies are now scrambling to build infrastructure projects in countries and regions involved in the Belt and Road Initiative, which makes project engineering and trade industries that command the second and fourth biggest demand for talents," Chang added.

"Chinese consumers want to try something different and feel like they are sophisticated and part of the global elite. That's what Starbucks gives them. That's what Western brands need to tap into," he said.