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Another way is to reduce the rates of medium-term lending facility to guide down the benchmark lending rate (loan prime rate or LPR). These tools aim to support flow of credit, at lower financing costs, to spur economic growth.

Another clear signal from the leadership is that the China Central Television's flagship daily news show Xinwen Lianbo has covered the A-share market several times this year, which was rare in its history. The latest coverage was on Aug 8 where CSRC Vice-Chairman Li Chao said the A-share market's capacity to withstand external risks is increasing, citing the market's low valuation and reduced leverage risks, along with relatively stable investor sentiment despite trade frictions with the US.

Anta Sports Products Limited, a leading sportswear company in China, has donated sports outfit and held sports activities at a boarding school in the Gongga Mountain Area of Luding county, Sichuan province, to encourage more children living in remote regions to experience challenges and fun of sports.

Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Announcing the revised restrictions on Monday, Chief Executive Carrie Lam Cheng Yuet-ngor quoted four public health advisers as warning that this fourth wave of COVID-19 could continue to escalate.