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As a result, international recruiting agencies have seen robust growth in the past few years.

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 traditionally popular immigration destination, the United Kingdom rose one place, coming in second on this year's list. Its education quality, medical services and social welfare were strong positive factors according to surveyed billionaires.

As destocking remains the priority of developers, it is expected that they will keep exploiting new market opportunities in the future, according to Yan.

As a major outcome reached at the recent China-UK Economic and Financial Dialogue (EFD), China and Britain proposed a bilateral investment fund with the first round of billion to support the initiative.