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"Furthermore, as credit rating differences intensified among small-and medium-sized banks, financing costs became high for some of them, reducing their interest in issuing CDs," he said.
"Fiscal expansions and monetary contractions strengthen currencies," said Jason Furman, a professor at the Harvard Kennedy School and former chairman of the White House Council of Economic Advisers, adding America's currency has strengthened by an average of more than 7 percent against those of its trading partners since April.
"For example, a luxury-brand handbag will be costly, but a lipstick from the same brand would be much more affordable to consumers," Zhen said.
"Fresh food is the most demanding category in e-commerce, and covers a range of fields including logistics, finance and user-end operations. But at the same time, it has huge market potential," said Lyu Haoze, an analyst with the China E-Commerce Research Center.
"Guangdong, window of the country's reform and opening up, is expecting to further accelerate the construction of the Guangdong-Macao Industrial Cooperative Park and the Tradition Chinese Medicine Science and Technology Industrial Park of Cooperation Between Guangdong and Macao," Li said.
来源：资阳报