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As the central bank tries to avoid the excessive deceleration of the economic growth, China may see lower interest rates in the long run and therefore provide a solid foundation for bond markets. Bond prices go up when interest rates drop.

As the partial US government shutdown enters its 33rd day on Wednesday, Native American tribes say they are feeling the impact as critical funds are cut, straining their resources for health care and food.

As the capital city with a population of over 21 million, Beijing's disease prevention and control force is insufficient, he said, calling for the further construction of disease prevention and control centers at all levels. The city will also beef up community health service centers.

As the United States is facing unprecedented challenges such as the raging COVID-19 pandemic, economic devastation and civil rights movement, mayors "need help of our federal government" instead of irresponsible actions that threaten safety and progress in the society, the letter added.

As the central bank has taken a pause in monetary easing, fiscal policy should remain proactive to stabilize economic growth and ensure the recent rebound is not just a seasonal fluke, said economists.