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Analysts agree it is highly likely there will be a rebound in demand and supply of residential properties after the pandemic ends. In order to avoid price wars, home developers should ease their capital flow, and try to obtain prime lands at reasonable prices when the competition is not too fierce, Pan said.

And US President Donald Trump threatened to impose tariffs on an additional 7 billion of goods from China last Friday.

And in a business decision that demonstrates the appeal of TikTok, Facebook's Instagram is launching its own version－Instagram Reels.

Analysts said the Belt and Road Initiative attempted to provide a win-win approach to satisfy the needs of the involved region.

Analysts expect the bank to further ease policy to help cope with slowing growth and offset the effects of a crackdown on shadow banking. However, while non-bank shadow institutions are being squeezed for money, the Beige Book reports that companies are still borrowing heavily, and interest rates have fallen, which should lower repayment costs.