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But any local rate increase could pressure the asset quality of domestic enterprises and increase funding costs, especially given the current high level of private-sector credit in China, although the PBOC has responded to recent Fed hikes, according to Cornish, who predicted the Fed's fund rate to be 2.50 percent at the year end and 3.25 percent by 2019.

But another segment of the US population may be even more susceptible to contracting COVID-19 — the nation’s estimated 550,000 homeless people.

But Orange County Fire Authority clarified that only one structure was involved in the incident.

But Mathew says there's a competitive element of baijiu drinking in China.

But Xu Haidong, an assistant to secretary-general of the association, said there is no need to panic, as July is usually a month with lackluster sales.