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Appearances can be deceptive, though. In truth, Zheng's family, in Macheng, a city in Central China's Hubei province, is desperately poor.

Another 14 of them reported a price hike of 40 percent and seven saw their prices surge over 50 percent.

Another clandestine party hosting 50 people was shut down in the city of San Pedro in Jujuy Province, with authorities seizing alcoholic beverages and arresting a number of people for violating pandemic health measures, Argentine news agency Telam reported.

Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.

Apart from the fiscal side, the financial sector has also stepped up support to the real economy. By Wednesday, banks in Shanghai have offered up to 90 loans valued at 1.31 billion yuan to 48 key companies, with the weighted average interest rate coming in at 2.35 percent, said Li Jun, deputy director of the Shanghai financial services office.