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And we’re not afraid to fail. If you’re innovating enough, you will have failures, and that’s OK, as long as the inputs into that issue were executed well. People go on to work on other interesting things.

Analysts expect the People’s Bank of China (PBOC) to cut the reserve requirement ratio (RRR) by another 100 basis points to 14.50 percent in the fourth quarter from the current 15.50 percent, the poll showed.

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.

Ancient Chinese teachings tell us that "men of insight see the trend, while men of wisdom ride it". Humanity lives in a global village where the interests and destinies of all countries are intertwined. People across the world increasingly yearn for a better life. The trend toward peace, development, cooperation and mutual benefit is unstoppable. History has proved and will continue to prove that good-neighborliness will prevail over a beggar-thy-neighbor approach, mutually beneficial cooperation will replace zero-sum game, and multilateralism will win over unilateralism.

Analysts said the lower mortgage rate will bolster the confidence of homebuyers, especially those eager to buy homes to move in.