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Despite the call for reduction in bank lending rate, the PBOC also sent a very clear signal that benchmark deposit rates will stay unchanged, so the rate cut is asymmetric and any further rate cut will be at the cost of banks' net interest margin or NIM compression.

Demand remained especially weak for travel, cultural consumption, sports, entertainment and outdoor activities, Tang said.

Despite her preference, Teoh acknowledged that online learning suffers in quality based on her experience last semester after her school, like others in the country, went completely online after lockdowns began in mid-March.

Demand for lithium batteries will continue to rise as the world switches to electric cars.

Despite paying some prices due to the fishing ban and restoration plan of the wetlands, local villagers deemed the efforts worthwhile for the long-term benefit of the Yangtze River, according to the team.