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As of the market close on Wednesday, US stock markets had declined about 30 percent from all-time highs reached less than a month ago. In a surprise Sunday evening announcement, the Fed announced that it would cut its target interest rate to zero and also would carry out a huge 0-billion quantitative easing program. Ordinarily, stock prices would rise in response to such a massive liquidity injection.

As more consumers are getting increasingly savvy, the China market will also embrace wider varieties of alcoholic drinks, be they ale, lager, stout and cider, Hsu said.

As outlined in the government's the Healthy China 2030 Plan, medical technology innovations must be enhanced through the development of innovation abilities such as proprietary drugs, new preparations and high-end medical devices. The quality standards for drugs and medical devices shall be in line with international standards by 2030, said Roy Noda, president for Asia-Pacific of Cardinal Health.

As of Thursday, the park had received more than 550,000 visitors, up 20 percent year on year, and earned more than 150 million yuan in revenue since it opened on December 18.

As of Friday, HKMA has already bought about HK billion from the foreign exchange market since its first intervention, leaving the surplus in the banking system at HK8.52 billion on Thursday.