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"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."

"Going forward, we expect the Southern Transport Corridor to play a larger role in facilitating cross-border trade," said Lan.

"From CIIE, FedEx expects to learn more about our customers and the import trade. We want to better understand the products Chinese consumers want and their shipping needs. We also want to better understand importers' logistics and their shipping requirements," said Frederick Smith, chairman and CEO of FedEx Corp.

"For example, we have a lot of automotive companies in China looking at the state because we already have a thriving auto industry," she added. "Our business-friendly environment and tax policies are also big draws."

"For China, the best strategy has long been centered on reforms. It will be important to avoid backtracking on existing reforms and repeating the mistakes of others," he added.