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"China has been investing in infrastructure in South America for a while," Leeds said. "So, from our perspective, we don't think that's news - just additional competition. Brazil and Argentina still have a long way to go, but these investments are certainly closing the gap on their ability to compete with the US."

"But we do believe that our action will provide a meaningful boost to the economy," said Powell. "More specifically, it will support accommodated financial conditions and avoid a tightening of financial conditions which can weigh on activity and will help boost household and business confidence."

"China is on par with global leading powers in terms of voice, image and semantics recognition. Developing AI-enabled robots is a core path (for us) to leap from a follower to a leader in the sector," Xin said at the conference.

"Children's facial structures can be unique," said Stephen Shafer, president of 3M Greater China Area. "So our job is to make respirators to fit their faces that come in different sizes, otherwise the respirators won't work."

"Chile is growing well in the market, due to a good price point and customer preference. For Chinese consumers, Chilean wines are highly cost-effective. In the past few years, Chilean producers have also reacted well to consumers' preference, such as introducing good design and packaging options," he said.