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"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."

"Financial institutions, especially some commercial banks, became hesitant or overreacted to the tightened regulations, thus they suspended part of their financing activities and stopped large-scale investment in nonstandard credit assets already－one of the reasons that led to the current liquidity pressure," said Wei Xing, an expert in asset management products with a domestic securities company.

"First, there would be no winners from a global trade war. Even if the aggregate costs are modest and skewed toward more open economies, all countries would ultimately be worse off compared to the status quo," noted Neil Shearing, group chief economist at Capital Economics.

"For the past two years, BHV Marais has developed an increasing number of initiatives to better cater to its international clients, with a special attention on China. Following the recent implementation of WeChat Pay within our Parisian flagship, we are delighted to further our engagement," she said.

"For too long, the Nanjing Massacre has gone unrecognized in the West. Today, Ontario commemorates the hundreds of thousands of lives lost in this atrocity, it is important to ensure that Ontario's younger generation understand the impact of this atrocity."