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"For sellers, the average price is not rising as fast as it used to. Sellers would think they might yield higher returns when the price grows further," said Yang.

"For decades, we have been overreliant on the finance and real estate industries," Lau said. "With the Bay Area initiative, we can now explore new opportunities in the innovation sector."

"For it to work, it has got to be something that has wider ownership and acceptance than just being a Beijing initiative," he said.

"Fiscal policy may not be constrained by the pressure of fiscal balance or the standard of fiscal deficit, which means bond issuance is necessary when it is required (by the economic situation)," said Ming.

"For at least six weeks, the federal government took practically no action in the US. The virus was given a free pass to spread nationwide, and many other countries were able to avoid catastrophes by taking swift actions," he noted.