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As to the massive trade deficits with China, they are the result of the evolution of the global distribution of industries and global value chains. China, as a main manufacturer of staple commodities, especially consumer goods, has advantages in labor-intensive industries compared with the United States.

As the 20-percent daily limit is applied from next Monday and as investors understand more about the fundamentals of the listed stocks, the volatility of the new market is set to decrease, Wang said.

As trade may not provide the same amount of stimulus to growth in the coming years as it provided in the past, each economy will have to focus on alternative growth drivers, especially elevating the productivity and skills of all workers, Romer said.

As she struggled, officers held hands and walked into the water to try to rescue her. They were able to pull her ashore, but she was confirmed dead after emergency treatment failed, the bureau said.

As to China's economic indicators announced last week, the economist said "the result does not surprise me. We expected to see a more moderate growth in China compared to previous years (with a double-digit growth), so the 6-7 percent growth per year is a new norm."