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Analysts said Monday's move has helped to boost market confidence and marked the central bank's largest single-day liquidity injection in history through such an open market operation.

Analysts say higher US inflation and interest rates have made holding US treasuries more expensive, reducing overseas demand for US treasuries in recent months.

Analysts said the latest statement was largely the result of Tesla and Nio vehicles catching fire in recent months. Both carmakers are among the most well-known new energy vehicle producers.

Angola is China's second-largest trade partner in Africa.

And then there is the China-US trade dispute, which has had an adverse impact on private companies. Within this environment it would seem to be very difficult to make much of a contribution.