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Appu Esthose Suresh, Senior Fellow at Atlantic Fellows for Social and Economic Equity, London School of Economics, says the lockdown will hit the poor Indians hard. 

As Hu explained, deposit will no longer be necessity when the merchants or service providers can seek enough profits and little risk. Some industries, which have seen rapid growth in the past few months, are starting to be less reliant on deposits and resorting to business models that are reliant on rental income.

Article 69 of the Basic Law, which stipulates that the term of office of the council members shall be four years, is an institutional arrangement under normal circumstances.

As European Commission President Jean-Claude Juncker complained in his first "state of the union" address earlier this month, the EU has not been appropriately represented in international institutions. He said: "How can it be that we - Europeans - are jointly major shareholders of global institutions such as the International Monetary Fund and the World Bank and still end up acting as a minority?" Washington, on the other hand, exercises veto power and the right to appoint US nationals as the heads of the World Bank and some other international financial institutions.

As China steers the new normal of economic development, foreign investment faces new challenges, but the fundamental need for steady growth of foreign investment remains unchanged, said Wang.