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And, the World Bank issued a statement supporting China's monetary policy. "The Chinese authorities have policy space to respond and have announced a sizeable injection of liquidity, which should help mitigate the costs to economic growth."

Analysts said the new regulations will facilitate M&A involving listed companies, and will improve quality of listed companies, shore up the structural upgrade of the economy, and contribute to the healthy development of the real economy.

Andrew Carley, EVP global licensing, family and brands at Entertainment One said “the accelerating popularity of Peppa Pig in China is testament to the brand’s universal appeal and shows us what incredible growth is possible when the Chinese market gets behind a brand.”

And, "if we have to buy it, that we will be granted credit so that we can normalize (the country's situation) as fast as possible", Duterte said.

And as Huawei customers graduate to higher end gadgets above 0, the Chinese company will have to compete head-to-head with Apple on quality and features.