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By increasing the price of assets, primarily stocks and residential real estate, the 20-year low interest rate policy has been fantastic for already-affluent people, who saw the value of their portfolios soar. But average working people in the US have seen stagnant wages, except for small raises in the last three years, and have little if any savings. Consumer debts have risen sharply, healthcare costs have soared and young people have been hit by debt caused by dramatic increases in university tuition. Again, the consumption-driven US boom could not be sustained.

By the end of last year, more than 500 registered institutional investors across the globe had chosen Bond Connect to access the Chinese bond market. Meanwhile, the program's functions were improved last year, with the delivery versus payment settlement being fully implemented, and pre-trade and post-trade allocations going live.

CANBERRA - Australian Prime Minister Scott Morrison has announced a deal to guarantee free access to a potential COVID-19 vaccine for all Australians.

By the evening of March 27, the mission received waivers from China to land without quarantine, but the flight crew still needed visas.

By the end of 2019, China's installed capacity for renewables reached 794 million kilowatts, up 9 percent on a yearly basis. Installed capacity for wind power reached 210 million kW, up 14 percent on a yearly basis, while that for solar reached 204 million kW, up 17.3 percent on a yearly basis, it said.