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Among the 30 banks in Shanghai that provide home loans, 13 have raised their interest rate for first-time homebuyers. The maximum rise was 1.2 times the benchmark interest rate of 4.9 percent.

Among all the actions taken by China to back up its commitment to multilateralism, Kuhn cited the Belt and Road Initiative (BRI) as a fine example, adding that China's expertise and experience in infrastructure construction is what the developing world needs to spur their economies.

Amid rapidly surging global demand for ventilators, Chinese medical equipment manufacturers are striving to overcome all difficulties to produce these products and others to help the world combat the COVID-19 pandemic.

Among the brands with the biggest year-over-year value changes, sports apparel company Adidas was tops with a 58-percent increase. But Amazon was singled out as “the brand that virtually invented e-commerce and disrupted retail” as the report said that the tech giant “is aiming to disrupt other categories, including cars and technologies associated with the cloud or the Internet of Things.”

Among the 17 cities, 12 are located in China's eastern region, accounting for 70.9 percent; 3 cities (Wuhan, Changsha and Zhengzhou) are in the central region, and 2 (Chongqing and Chengdu) in the western region.