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"E-commerce is certainly our priority this year," said Jin, expecting to raise their online sales percentage from last year's 15 percent to more than 20 percent this year.

"Earlier today, the Prime Minister spoke with Jane Philpott, who informed him of her decision to resign from cabinet. The Prime Minister accepted her resignation, and thanked Ms Philpott for her years of service to Canadians and her dedication. Minister Qualtrough immediately assumes responsibilities as acting President of the Treasury Board," the office added.

"Economic momentum appears to have slowed in some major foreign economies, and that weakness could affect the US economy," Powell told the House Financial Services Committee in Washington in his semiannual monetary report to federal lawmakers. "Moreover, a number of government policy issues have yet to be resolved, including trade developments, the federal debt ceiling and Brexit."

"Downside risks brought by external challenges will put pressure on both the monetary and fiscal policy fronts," Ma Jun, a People's Bank of China adviser, told China Daily.

"Expanding imports is an inevitable requirement for the balanced development of foreign trade," Wang added. "A comparative competitive edge is the foundation of international trade and the origin of benefits from international trade. Overemphasizing on exports may guarantee increased foreign exchange reserves, but it doesn't mean a better life and prosperity for ordinary people."