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Anbang Insurance Group has walked away from a deal to acquire United States annuities and life insurer Fidelity & Guaranty Life for .6 billion after failing to get the necessary regulatory approvals, Reuters reported.

And the hit to farmers would more than double if the tariffs expanded to an additional 0 billion of products. Farmer income would drop by 15 percent, and jobs in the sector would decline by 181,000.

Analysts expect the volatility to continue as long as the threat of severe economic disruption from the coronavirus does.

Analysts said the market rebounded as investor panic faded on the nation's swift actions to tackle the disease, and as many investors had awaited a market fall to up holdings and prepare for a potential bullish trend.

And in March, Cainiao Green Alliance Charity Fund, which was jointly established by China Environmental Protection Foundation, Alibaba Foundation, Cainiao Network and co-funded by several logistics enterprises, planned an investment of a total 300 million yuan in green packaging, recycling, delivery and intelligent processing.