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"Fiscal policy is a way to direct relief to particular populations and groups," said the Fed chief. "We do think fiscal response is critical, and we're happy to see that those measures are being considered, and we hope that they are effective."

"Fueled by increasing demand from emerging industries, such as technology, healthcare, and finance, we anticipate the Beijing office market to be well on the road to recovery as early as the end of 2021."

"Having so many shows premiering in the city means that we are the trendsetters and it shows how determined we are to develop Shanghai's cultural scene," said Huang Changyong, head of the Shanghai Theatre Academy, the co-host of the festival.

"For example, our index agrees with both the Barclays and the Bloomberg indices in estimating Chinese growth to have been around 11 percent in 2007, and not to have experienced a substantial spike before the financial crisis, while the official GDP series records growth as spiking from 12 to 15 percent between 2005 and 2007. However, our predictions for current Chinese growth rates are above those of market participants, as well as of the Chinese government itself," the report said.

"Generally speaking, technologies such as big data will help to promote the development of microfinancing. By definition, they will be excluded from many financial products and services due to a lack of (credit) information about them, so bringing different kinds of information about them is very helpful," Morduch said.