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Wealth polarization in the United States hit a 50-year high in 2018, the report said. In 2018, the wealthiest 10 percent held 70 percent of total household wealth. The bottom 50 percent saw essentially zero net gains in wealth over the past 30 years, it noted.

However, he said his business is able to survive because of the government's bailout policies. For example, the approval of deferred payment of social insurance premiums for his employees alone can save him 80,000 yuan (about 11,250 U.S. dollars) a month.

BEIJING, April 20 (Xinhua) -- China's market-based benchmark lending rate lowered Monday, another sign that the country is determined to channel funds into the real economy via more flexible monetary policy, analysts said.

Yuan Muleng, from the Shishou County under Jingzhou, works for a mold factory in Dongguan City. "I had got a health code and passed the nucleic acid test before I boarded the train. We're lucky that the government has organized the trip back to work for free. The community that my factory belongs to will pick me up when I arrive in Dongguan," he said.

Lam made the remarks in her article published on a social media platform, saying that in response to the epidemic, the HKSAR government has implemented stringent measures, leading to the drop in the confirmed COVID-19 cases in Hong Kong.