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"Cutting the RRR is necessary, as the borrowing costs in the interbank system have risen recently and the small and medium-sized banks still need cheaper funds to increase credit for the real economy," said Lou Feipeng, a senior economist at Postal Savings Bank of China.
"Extra space and exclusivity, the hallmarks of luxury travel, have now gone mainstream," he said.
"Demand is soft," he said. "Customers are terrified about traveling. Anyone coming to New Hampshire from outside New England must quarantine for 14 days. That puts pressure on the industry."
"Even though many global companies previously adjusted their global production plans based on factors such as operational cost and stability of supply chain, we have seen both goods orders and investment flowing back to China in recent months," he said.
"Despite challenges brought by the COVID-19 outbreak, China had gained sound momentum in the electronic information industry in the second quarter. With both upstream and downstream industries resuming normal operations, the IT industry has shown a strong recovery," said Qiao Yueshan, head of the electronic information department at the Ministry of Industry and Information Technology.
来源：资阳报