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"From World War II onwards trade liberalization under the old General Agreement on Tariffs and Trade culminated in the creation of the World Trade Organization. But these efforts focused on tariffs and legal aspects of globalization such as international standards while failing to deal with creating the material economic underpinnings of globalization such as infrastructure," he said.

"GPG is seeking to expand Sino-foreign cooperation, merge with, or acquire, overseas companies, entrust foreign distribution agents and introduce digital distribution to increase its presence in the world market in the years ahead."

"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.

"For years, President Trump and Republicans have waged a war on America's labor unions," Biden tweeted Sunday. "It will end on my watch."

"Global growth is sluggish and precarious, but it does not have to be this way, because some of this is self-inflicted," said IMF chief economist Gita Gopinath.