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Domestically, growth and wealth will be more equitably benefitting the entire population; internationally, the Belt and Road Initiative will have further positive consequences for the livelihood of large numbers of people living in the less developed world that are longing for development opportunities. It augurs well for the future an interconnected world, when globalization is suffering from backlashes elsewhere, he added.
Diane Swonk, chief economist at Grant Thornton, a major accounting firm, said the Fed's latest action is "so important" and will help ease credit market conditions.
Despite the rebound, the level of real GDP will remain below its pre-pandemic peak in the fourth quarter of 2019, and where it would have been if steady growth had continued, said David Wilcox, a senior fellow at the Peterson Institute for International Economics, adding that the momentum of recovery has slowed.
Different states are re-opening at different paces. Anecdotal evidence suggests airline travel, hotel bookings and restaurant reservations are increasing. But commerce remains well below pre-pandemic spending.
Domestic animation and TV shows have also developed. And, traditional cultural elements, such as the Palace Museum and Mogao Grottoes in Dunhuang, Gansu province, have given the youth a sense of self-confidence, Zhang Jing, deputy general manager of key accounts at Tencent Marketing Solution, tells China Daily.
来源：资阳报