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But those benefits are dissipating. Higher interest rates raise the cost of borrowing for businesses and this can slow economic activity. But higher rates benefit individual savers.

By October 2020, there were more than 3,600 McDonald's restaurants across China, covering multiple business platforms nationwide including McDonald's restaurants, McDelivery, McCafe, Dessert Kiosk and drive-thru venues.

But that hope was quickly dashed when the country's directors found out they were not allowed to use the venue. Instead, only the occasional government conference has taken place at the Triomphe.

But the increased prices of aluminum and steel and the tariffs' effect on the ability to export to China have added uncertainty to their plans, he said.

By 2 pm Tuesday, the average wholesale price of pork, a staple meat in China, remained basically unchanged at 47.27 yuan (.96) per kg, and that of eggs lost 0.9 percent to 8.36 yuan per kg.