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As some small and medium-sized banks face relatively high pressure of NPLs, Zeng said it is necessary for the government to help them replenish capital while pushing forward reforms on small and medium-sized banks to mitigate risks and improve their competitiveness through mergers and acquisitions.

As the worst outbreaks in the United States continue to heat up, issues with testing availability and access have once again arisen in nearly every aspect of the testing supply chain, according to a report of ABC News.

As to the massive trade deficits with China, they are the result of the evolution of the global distribution of industries and global value chains. China, as a main manufacturer of staple commodities, especially consumer goods, has advantages in labor-intensive industries compared with the United States.

As the fresh new scheme takes time to be tested, only a handful of companies will have IPOs in London and China in the short-term, according to Stanislas Beneteau, regional head of financial intermediaries and corporate clients at BNP Paribas Securities Services.

As to whether Australia can support two local carriers, Thomas said: "Australia needs two premium airlines, otherwise we would face a monopoly with much higher fares."