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As promised, some of the world’s top tech CEOs from companies like Amazon, Microsoft, Apple, Google and many others met with President Donald Trump today, and some appeared to enjoy it more than others.

As there seem to be no signs of a quick remedy to the lingering trade frictions between China and the US, and collaborations in other areas remain stagnant, the importance of people-to-people exchanges through culture becomes increasingly prominent in terms of strengthening mutual understanding and spreading goodwill.

As the most significant tax overhaul for two decades, VAT is replacing business tax which has been in place for 60 years, streamlining procedure, and avoiding repetitive taxing. It was piloted in Shanghai in 2012 and expanded nationwide in May 2016.

As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by a trade surplus and foreign investment in the country, adding funds to the money market. Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity.

As states gradually begin to reopen, allowing people to leave their homes and even get back to work, the findings are set to be a part of a wider study to help inform federal and state agencies on the overall impact of COVID-19.