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"Had the Fed not announced a cut, the decision would have amounted to disappointing news, which would have fueled further panic," analyst George Selgin told The Washington Post. "What matters most isn't what the Fed has done today, but what actions it signals for the future."

"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"For example, visitors can take the 50 Years of Victory, a nuclear-powered icebreaker, to reach the North Pole. But we can only entertain 600 tourists per year in that program," said Sun Jie, CEO of the cruise division of Tongcheng Network Technology, an online travel agency.

"Great friends are bound to have disagreements," Pompeo told reporters after meeting with Jaishankar. "The United States has been clear we seek greater market access and the removal of trade barriers."

"Getting a cross-provincial business license previously would take at least a day, and I would have had to bring print documents and official seals to Shanghai," Mo said.