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As should have been expected, this bet on risky investments did not work and many S&L banks went bankrupt. Since the deposits were insured by the government, the taxpayers were on the hook to pay for the S&L banks' losses, which amounted to more than 2 percent of GDP.

As the number of endangered species rises, the Jilin government has been exploring innovative solutions to settle conservation problems in nature reserves and create an animal-friendly environment.

As suggested by the design and implementation of initiatives such as the Belt and Road Initiative, the BRICS cooperative mechanism and the Asian Infrastructure Investment Bank, China wants to bind together the feelings of the people of China and the rest of the world, and work together to fend off global risks and realize global common prosperity.

As the fifth largest bottling group in the Coca-Cola system globally, Swire Coca-Cola has partnered with The Coca-Cola Co for more than 50 years. So said that the company's revenue fell in the first quarter due to the pandemic, with soda water witnessing the least decline among all categories.

As the exchange rate of the yuan remains generally stable against the greenback, there will be limited concern about a weaker currency if the PBOC does not follow suit with raising rates, Lu said.