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"Costco is good at building a loyal shopper base through its paid membership program with low prices and a select number of stock-keeping units. The question is whether they can replicate this in China easily," said Jason Yu, general manager of Kantar Worldpanel China.

"Clearly, the White House is in complete disarray," she said, adding that Trump was rejecting Federal Reserve warnings that too little support would result in a weak recovery with unnecessary hardship for millions of American households and businesses.

"Chinese auto exports are recovering after years of decline, with Egypt being one of the biggest export destinations among the Arab states since 2015," said Wang Xia, chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade, in his speech on Thursday at the conference held in the Ningxia Hui autonomous region.

"Consumers are getting more used to purchasing jewelry online due to convenience and the same quality compared with products from local stores."

"China was the country's biggest source of imports with 15.3 percent share in March 2018. Import payments to China stood at .24 billion, posting a decrease of 12.0 percent from .41 billion in March 2017," the PSA said in a statement.