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"But on the whole, the growth in fiscal revenue will stay stable enough to achieve this year's revenue target," Lou said. "The improved quality and efficiency of economic development will continue to support the country's fiscal revenue."

"COVID-19's resurgence is bound to have an economic effect, both as local governments introduce measures to curtail the spread and as consumers change their behavior," Patrick Harker, president of the Philadelphia Federal Reserve Bank, said in a speech to the Wharton Private Equity and Venture Capital Alumni Association.

"By the end of this year, we expect to buy 300,000 to 400,000 tons of corn, wheat and corn stalks from farmers in Wusu," Wang said.

"But the space on the monetary side is limited as we need to stick to efforts to promote deleveraging moves, while room for fiscal expansion remains ample - more tax cut policies can help to soothe economic concerns, in particular value-added tax," he said.

"China opened-up in 1978 and then established diplomatic relations with the US in 1979. We have been building the bridge for US-China economic cooperation since 1981. Although the US and China are going through some trade disputes, we believe it's only a short term problem," Huang said.