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Trump, however, also said the summit might not happen.

Trump said that his administration was looking at the possibility of stopping incoming Saudi Arabian crude oil shipments as a measure to support the battered domestic-drilling industry.

Tsinghua University economist Qian Yingyi wrote a series of well-known articles arguing that China's economic growth in the 1980s was helped by a decentralized budget and administrative system that forced China's provinces to compete with each other to achieve economic growth. No doubt, this federalism was an important growth promoter at the time.

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Trump and Republicans have argued the tax cuts could boost corporate investment and hiring, while Democrats have insisted that the law fueled corporate buybacks and criticized it as a giveaway to the wealthy.

Tree houses in Red Leaf Valley, Jinan, Shandong province, provide accommodation for tourists, and are equipped with furniture such as beds and chairs. [Photo provided to China Daily]

Trump's thinking on trade is largely misguided, Yukon Huang, a senior fellow in the Asia program at the Carnegie Endowment for International Peace, told The Associated Press.

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Trump tweeted his condolences for Cain and his family on Thursday.

Trump and first lady Melania Trump planned to observe a moment of silence at the White House in remembrance of the nearly 3,000 people who were killed when hijackers flew commercial airplanes into New York's World Trade Center, the Pentagon and a field near Shanksville, Pennsylvania, the White House said.

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Tsai's wish to be viewed as a stateswoman is divorced from reality and her bubble of illusion is bound to deflate should the US decide it's not in its interests to keep pumping it up. She should accept with good grace that her time in the spotlight is coming to an end, as she is harping on a tune that few want to hear.

Trump made unsubstantiated claims that he had won the election and threatened to take his case to the Supreme Court to stop states from continuing to count votes. It was unclear exactly what legal action he might try to pursue.