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"China has been the relative winner, with its stock markets weathering the virus better than its US and European counterparts," said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

"Charging piles are important infrastructure to safeguard the development of the NEV industry. The investment plays a leading role in boosting NEV consumption during the crucial time of promoting work resumption and restoring economic and social order," National Energy Administration chief economist Guo Zhi said.

"China is a true friend of the Philippines because you are giving happiness to the Filipinos, especially to the less-privileged people who live in the remote community," Ranque said.

"But too much aggressive stimulus may lead to inflation and a surge in the macro leverage ratio," the PBOC governor warned. "Thus, (China) needs to keep using the conventional monetary policy tools as long as possible, to support the long-term development strategy."

"California exporters are attempting to find buyers in other countries to counteract the decrease in exports to China," said Sfeir.