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As a matter of fact, governments and enterprises in China are joining hands to answer this question.

As for the US government's decision to levy a 25 percent tariff on imported steel, Jia said some of the steel products used in CRRC MA's production come from the US and some from China. "The steel tariff has less of an impact on us," he said.

As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.

As a member of the Asian Infrastructure Investment Bank, Egypt could also benefit from funding its infrastructure projects with easier conditions, he said.

As a significant step in capital market reform, the new stock trading platform is likely to launch in the first half of 2019, boosting innovation and improving market efficiency, they said.