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As for monetary policy, the policy stance can remain accommodative in much of the region given that inflation is generally still muted. Nonetheless, central banks should be vigilant, since our analysis suggests that much of the undershooting of inflation targets in Asia has been explained by temporary, global factors, such as commodity prices and imported inflation, which could reverse.

As governments adopt "unconventional" monetary policy amid the COVID-19 pandemic, interest rates have been lower, and the pricing of the risk has compressed, which have pushed up asset prices, he said.

As boundaries between different industries are blurring, changes in energy and technology industries are now creating a whole batch of changes in the automotive industry, said Nio Chairman William Li.

As a platform where non-Chinese students can demonstrate their knowledge of the Chinese language and culture, it consists of 3 events, which are "Chinese Bridge" Chinese Proficiency Competition for Foreign College Students, "Chinese Bridge" Chinese Proficiency Competition for Foreign High School Students and "Chinese Bridge" Chinese Proficiency Competition for Foreign Students in China.

As asset quality improves, banks would have greater capacity to issue more credit to support the non-financial sector, he said. The commission's recent moves to lower bad-loan coverage ratio reflect the idea of encouraging more credit to support the non-financial sector, Lai said.