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"China has done a great job in the prevention and control of COVID-19," Wu said. "We also received help from the local government, such as helping us buy masks during this epidemic."

"Centering on the customers' demand, we will boost cross-sector sales to improve our operating efficiency and lower relevant costs," He said.

"But there is no need to be overly anxious about the risks as China has a deposit insurance plan. By taking measures such as appointing another bank to temporarily manage the bank amid a merger and acquisition process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"China is perceived to be in contention with the US for global dominance. Whether it's true or not, we Chinese Americans and Chinese students who are legally here are caught in between," he said.

"CPI is expected to be on an upward trajectory over the whole year. It may peak at around 2.9 percent in September and October, and fall seasonally in November and December," Yang Xiao, a researcher from Kunming, Yunnan province-based Pacific Securities wrote on Tuesday.