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"China is the second-largest overseas market of Air France KLM and the largest in Asia. We are delighted and honored to resume our passenger flights to China, which marks a big step in rebuilding our global network," said Toon Balm, general manager of Air France KLM Greater China.

"China has accumulated rich experience that can be used to study key issues, opportunities and challenges related to digital technology," said Bengt Holmstrom, who is a 2016 Nobel laureate and an economics professor at the Massachusetts Institute of Technology in the preface. "At a time when almost all economies are increasingly being built on digital foundations, this is timely indeed."

"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."

"But no one can be optimistic about how long the current mood for dialogue will last", he said.

"China A shares offer an incredible mix of leverage to the country's domestic economy. That's why, we want to buy them for the next decade. More so because we expect China's stocks to stay neutral, largely unaffected, when the next US market crisis occurs. For example, the Shenzhen Composite Index has among the lowest correlations of all major global indices to the S&P500 index at just 8 percent."