User blogs

As you're most likely aware, items in the classic World of Warcraft were not entirely static. Some of the most popular weapons and armor were added through later patches, various tier sets had their entire stat distribution changed, while a couple of items even went through significant reworks in order to address balance issues.To get more news about buy classic wow gold, you can visit lootwowgold official website.
With World of Warcraft: Classic launching alongside the final Patch 1.12, the big question is how exactly the developers are planning to handle the various items and the changes they went through. The answer, I'm pleased to report, is in pretty much the best way they possibly could!
"WoW Classic will only include that last version of the item, as it existed in our reference version: 1.12," reads the official update. "Of course, this raises the question 'why?'. Why differentiate between adding new items along the way and making modifications to existing items?"
"The changing of existing items in patches often illustrated the original design team responding to how players played the game. Their primary goal at the time was to make rewards more relevant and exciting. Developers realizing that Spirit probably wasn’t an ideal stat for a warrior raid set helm was an example of this sort of change."
"Recreating, and then re-fixing every major progression-affecting bug wouldn’t account for what we think matters much more: the people playing the game. There were many unknowns in original WoW. The first guilds to reach Nefarian spent their initial pulls testing different ideas they had and trying to figure out what condition would get them past the first part of the fight (defeating 40 drakonids). That experience can’t be recreated, because the knowledge can’t be unlearned."
While some people might disagree with this approach due to its lack of authenticity, I am incredibly happy that Blizzard has chosen not to repeat the mistakes of the past. Like they said, knowledge cannot be unlearned, so all they would really accomplish with the progressive changes is annoy people for a few months before a patch finally comes and makes their items work as intended.
"So rather than try to recreate a specific experience from 2005 that can never fully be recaptured, our aim has been to accurately and fully restore the original game’s mechanics and stats to their final and most polished state from before The Burning Crusade," continues the update. "That mission has been a pillar of WoW Classic’s design from its inception."
"This means that while content will be unlocked progressively to allow for each raid tier to shine, systems such as class design, battleground mechanics, and stats on existing items will all be set to their final 1.12 conditions. That should take the pressure off players to be constantly figuring out what we might do next to remain exactly in line with how the game once played out, and we can all focus a little more on community building and enjoying the experience together."

In 2019, with the challenges faced by globalization, the Fourth Industrial Revolution driven by technology, and the new investment opportunities driven by digital economy, China and the world are heading for a new cycle of economic and social development, steering the situation and empowering to challenge the game. On Nov. 30, the “Antai Symphony” Summit Forum of SJTU and the launching ceremony of ACEM Industry Community Class were grandly held in Xuhui Campus.To get more news about Best MBA program in China, you can visit acem.sjtu.edu.cn official website.

Business economy is the best window to observe the changes of the times. Not only it is the growth history of a particular company, but more importantly, we can see the evolution of every different vertical industry, and the reform of business education and business schools also needs proactive exploration. The forum focused on the three major areas of FinTech, innovation and entrepreneurship, and automotive ecology to feel the true temperature of the Chinese economy.

Jiang Sixian, Secretary of the Party Committee of SJTU, stated in his speech that the main feature of a first-class university is its high-level experts, scholars and scientific achievements, as well as its rich talent reserves, while a first-class company has senior industry leaders and business elites, being the subject of market, demand and investment. Innovation-driven is essentially talent-driven, and technological innovation and innovation of education model are closely related and mutually promoted. Pioneering exploration oriented to industry development practices has provided a good opportunity and platform for the transformation and development of business schools in the new era, and will also promote qualitative improvement and leap in various industries.

On the day of the event, Jiang Sixian, Secretary of the Party Committee of SJTU, and Sun Yu, Vice President of BOC, jointly unveiled the “BOC-SJTU - BOC Intelligent Valley Training Base for Industry and Education Integration”, which serves as an industrial backup. Gu Feng, Deputy Secretary of the Party Committee of SJTU, and Rui Xiongwen, Vice President of Ant Financial, signed a strategic cooperation framework agreement on behalf of the two parties, launching in-depth cooperation on talent training and academic research. In addition, ACEM signed a strategic cooperation agreement with BOC Shanghai.

Xi Lifeng, member of the Standing Committee of the Party Committee and Vice President of SJTU, stated in his speech on the afternoon of the forum that business schools should build an interdisciplinary, inter-organizational and cross-industry ecosystem, strengthen the combination of theory and practice, strengthen the feedback of industries to teaching and research, and promote the industry-university integration.

Chen Fangruo, Dean of ACEM, believed that business schools worldwide are facing the problem that theory and practice cannot be effectively combined, and top business schools in the world have been carrying out various reforms but have rarely solved the fundamental problem. ACEM hopes to establish another knowledge-creating vertical model based on the horizontal discipline orientation: carrying out industry-oriented in-depth research, and then creating a new knowledge-creating atmosphere and healthy ecology with “crisscrossed development and unity of knowledge and action”.

As the host of the event, Yang Jie, Secretary of the Party Committee of ACEM, suggested that business schools need to get out of the ivory tower and cooperate and interact more with industries. While redefining academics, they must serve industry practices and align with the national strategy of industry upgrade. Studying future issues and developing future leaders with future-oriented dreams is an important starting point for ACEM to explore industry research and have deeper cooperation with industries.

As the guest moderator of the forum, Liu Shaoxuan, Associate Dean of ACEM, emphasized that the talent training in the future must be featured by a compound training model that develops both management-oriented technology talents and technology-oriented management talents. The launch of ACEM Industry Community Class will provide ACEM and its alumni with a path for deep evolution of the supply and demand pattern in a cross-school, cross-program, cross-disciplinary and cross-industry-university-research way, and through the same frequency dialogue between the industry and alumni, so as to share and build a win-win ecology and stage. It marks that ACEM’s concept of industry research is being incorporated into the curriculum system.

Empowered by the clear trend, we open the door to the future with intelligent technology. On September 20, the 2nd “Antai Symphony” Summit Forum of SJTU was grandly held in ACEM (Antai College of Economics and Management), Xuhui Campus of SJTU (Shanghai Jiao Tong University).To get more news about best university in china for mba, you can visit acem.sjtu.edu.cn official website.

Today's world is going through great changes unprecedented over the last hundred years, with both challenges and opportunities coexisting. To find new opportunities in the crisis and open up a new situation in the changes, the academic world and the industrial world need to explore new ideas and seek new development together. Traditional business schools need to break through the inherent circle and further strengthen the cooperation with industry leaders. In such a background of school-enterprise cooperation, this summit forum invited heavyweight industry leaders in the three major frontier fields: AI, new retail, and mega health, to share with everybody the new opportunities for industries to break through and the new exploration of business reform in the new development stage.

Mao Jun, a member of the Standing Committee of the Party committee and vice president of SJTU, recommended in his speech that, to grasp the certainty of education in uncertainty and find new patterns of talent cultivation without ready-made models, schools and enterprises need to cooperate in depth: in terms of joint cultivation of talents, joint construction of disciplines and interactive development are needed, to fill the cognitive gap in theory and practice; in addition, they need to promote integration of production and education, and trigger the innovation and upgrade in important fields; finally, the key to maintaining long-term cooperation between schools and enterprises is to build a benign circulation system with mutual support: both students and enterprises have their harvest, with mutual benefits and win-win result.

Chen Fangruo, the dean of ACEM, believed that this grand industry conference would become a brilliant event in the reform of ACEM. To construct a healthy, broad, and more energetic new business ecosystem, the crisscrossed channels should be broken through and the deadlock of separation between industries and academic circle should be broken, to form a new business ecosystem integrating theory with practice closely and allow both sides to influence and promote each other.

Yang Jie, the secretary of the Party Committee of ACEM, looked into the prospect of further cooperation and development of academic circle and industries, hoping that future education technology can combine problem orientation with customer orientation, since the problems of customers are the demands in the industries.
Liu Shaoxuan, the vice dean of ACEM, as the guest host of this event, emphasized that the Industry Community Class launched by ACEM last year broke through the barriers among disciplines, organizations, and industries, started a new situation of integration between industrial research and business reform, and was really a creative move. The new session of Industry Community Class focuses on the three major frontier fields, and will surely supply more excellent talents to those specialized, refined, unique and innovative industries and enterprises.

Wang Xingpeng, the director general and the secretary of the Party Committee of Shanghai Shenkang Hospital Development Center, brought up the concept of hospital quality evaluation based on big data and application of AI from the perspective of promoting high-quality development of municipal-level hospitals in Shanghai, in hope of exploring and building a multi-index integrated evaluation system that meets national standards, characteristics of industry and local management requirements, and fully shows the quality of hospital.

As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control.To get more latest china economy news, you can visit shine news official website.
The Chinese economy surged 4.9% in the July-to-September quarter compared with the same months last year, the country’s National Bureau of Statistics announced Monday. The robust performance brings China almost back up to the roughly 6% pace of growth that it was reporting before the pandemic.Many of the world’s major economies have climbed quickly out of the depths of a contraction last spring, when shutdowns caused output to fall steeply. But China is the first to report growth that significantly surpasses where it was at this time last year. The United States and other nations are expected to report a third-quarter surge too, but they are still behind or just catching up to pre-pandemic levels.
China’s lead could widen further in the months to come. It has almost no local transmission of the virus now, while the United States and Europe face another accelerating wave of cases.
The vigorous expansion of the Chinese economy means that it is set to dominate global growth — accounting for at least 30% of the world’s economic growth this year and in the years to come, Justin Lin Yifu, a Cabinet adviser and honorary dean of the National School of Development at Peking University, said at a recent government news conference in Beijing.
Chinese companies are making up a greater share of the world’s exports, manufacturing consumer electronics, personal protection equipment and other goods in high demand during the pandemic. At the same time, China is now buying more iron ore from Brazil, more corn and pork from the United States and more palm oil from Malaysia. That has partly reversed a nosedive in commodity prices last spring and softened the impact of the pandemic on some industries.
Still, China’s recovery has done less to help the rest of the world than in the past because its imports have not increased nearly as much as its exports. This pattern has created jobs in China but placed a brake on growth elsewhere.
China’s economic recovery has also been dependent for months on huge investments in highways, high-speed train lines and other infrastructure. And in recent weeks, the country has seen the beginning of a recovery in domestic consumption.
The affluent and people living in export-oriented coastal provinces were the first to start spending money again. But activity is resuming now even in places like Wuhan, the central Chinese city where the new coronavirus first emerged.
“You’ve had to line up to get into many restaurants in Wuhan, and for Wuhan restaurants that are popular on the internet, the wait is two or three hours,” said Lei Yanqiu, a Wuhan resident in her early 30s.
George Zhong, a resident of Chengdu, the capital of Sichuan province in western China, said that he had made trips to three provinces in the last two months and has been actively shopping when he is home. “I spend no less than in previous years,” Zhong said.
China’s broadening recovery could also be seen in economic statistics just for September, which were also released Monday. Retail sales climbed 3.3% last month from a year ago, while industrial production was up 6.9%.
China’s model for restoring growth may be effective, but may not be appealing to other countries.
Determined to keep local transmission of the virus at or near zero, China has resorted to comprehensive cellphone tracking of its population, weekslong lockdowns of neighborhoods and cities and costly mass testing in response to even the smallest outbreaks.
China’s rebound also comes with some weaknesses, particularly a surge in overall debt this year by an amount equal to 15% to 25% of the economy’s overall output. Much of the extra debt is either borrowing by local governments and state-owned enterprises to pay for new infrastructure, or mortgages taken out by households and companies to pay for apartments and new buildings.
The government is aware of the risk of letting debt accumulate quickly. But reining in new credit would hurt real estate activity, a sector that represents up to a quarter of the economy.Another risk to China’s recovery is its heavy dependence on exports. The surge in exports in the last three months, along with lower prices for imports of commodities, accounted for a big chunk of economic growth, one of the largest shares of any quarter in a decade. Exports represent more than 17% of China’s economy, more than double the proportion that they make up in the U.S. economy.
China’s leaders recognize that the country’s exports are increasingly vulnerable to geopolitical tensions, including the Trump administration’s moves to unwind trade relations between the United States and China. Shifts in global demand might also threaten exports, as the pandemic batters overseas economies.
Xi Jinping, China’s top leader, has increasingly emphasized self-reliance, a strategy that calls for expanding service industries and innovation in manufacturing, as well as enabling residents to spend more.

In a statement on its website, the Shanghai Wildlife Park said it was "extremely distressed that such a tragedy occurred", adding that it also "apologised to tourists for any inconvenience caused".To get more latest Shanghai news, you can visit shine news official website.
The park says it is currently looking into the incident, would improve its safety management and "do our best to handle the aftermath of the incident".
It has since temporarily closed the wild beast area, refunded tickets for visitors and "strengthened its safety operations".
The video, circulating on China's Weibo, shows tourists yelling as they sit inside a bus, while several bears can be seen gathered outside, crowded in one spot.
The area is only accessible to visitors by bus, with footage on social media site Weibo showing how animals are allowed to roam freely.
In the video, a man can be heard exclaiming "there's someone [there]", while someone else is heard asking "what's going on?".
The video quickly went viral and stirred debate about the existence of zoos.
Some argued that the bears were only acting as any wild animal would, proposing the only solution to eradicate such accidents was to "just close zoos... let animals be free".
Others condemned the zoo's lack of safety measures, and expressed sympathy for the tourists that witnessed the accident, saying they would be "deeply traumatised".
It is rare for zoo workers in China to be mauled to death by animals, but attacks are not entirely uncommon - although in most of these cases, these accidents are allegedly brought on by the visitors themselves.
In 2017, a man was bitten by a bear in a drive-through wildlife park in China after he ignored park warnings and rolled down his window to feed the bear.

In the past two decades, we've seen mobile communication evolve from 1G to 4G LTE. In this process, key communication technologies changed and the amount of information processed is increased exponentially. The antenna is an integral part of this leap. As the middleware for transmitting and receiving signals, antennas have developed with the constant upgrades of communication technologies. In the 5G era, Antenna design has become more complex and systematic, from the initial single-array antennas to multi-array multi-unit antennas, from simple fixed-beam antennas to multi-beam antennas. Small size, multiband and wide band will be the main features of 5G antenna design.

 

5G will bring new experiences to users. Its transmission rate is ten times faster than 4G, which poses new requirements for the antenna system. At SIMCom Online Summit “5G accelerates economic growth, Cat. 1 helps to deploy New IoT”, famous domestic antenna manufacturer Sunnyway Technology’s CTO Zhou Yunfeng shared his ideas on 5G antenna design.

 

5G mainly adopts two frequency bands, namely SUB-6G and MMW. As we all know, the higher the frequency, the shorter the wavelength, the straighter the electromagnetic wave, the shorter the transmission distance, the worse the penetration, the greater the attenuation in transmission, the worse affected by cloudy, rainy and foggy weather. Therefore, we mainly adopt SUB-6G frequency band in China at present. The transmission rate of SUB-6G is greatly improved compared with 4G, and the cost is greatly reduced compared with MMW.

 

5G requires more antennas than 4G does. 4G adopts main antenna & diversity antenna design. Some LTE adopts dual antenna to realize the communication function. 5G adopts MIMO design. For example, 4x4 MIMO (Multiple Input Multiple Output) can effectively improve the communication capacity. With 4 antennas on the transmitting module and 4 antennas on the device, the number of antennas is greatly increased. Therefore, the positions and shapes of antennas need careful design to achieve good effect. To this end, Mr. Zhou Yunfeng gave some advice on 5G antenna design:

 

 

1.The further the antennas are from each other, the better the isolation is, so antennas should be spaced as far apart as possible.

 

2.At the same distance, isolation of low frequencies is higher than that of high frequencies, so antennas can be placed alternately, for example, two antennas containing low frequencies are separated by one with only high frequencies.

 

3.Antenna design can consider in different forms. The overall performance can be improved by changing the direction or polarization of the antenna.

 

After 5G antennas, let's look at modules. SIMCom 5G modules SIM8200EA-M2 and SIM8200G are 3G/4G/5G multimode and support 5G NR sub-6ghz frequency bands at the same time, such as N77, N78 and N79 frequency bands in China. SIM8200EA-M2 has been used in smart cities, online health care, drones and robotics, etc. SIM8300G-M2 that supports MMW is coming soon.

 

In the future, both the module and the antenna need to be customized according to their specific application scenarios. Instead of simply satisfying coverage and transmission capabilities, custom-made antennas and modules provide better communication quality.

Growth-oriented crude oil prices climbed to a 10-week high as market sentiment broadly improved over the past 24 hours. The Dow Jones and S&P 500 closed +1.52% and +1.67% respectively as my Wall Street index attempted to make upside progress after idling for the better part of the past 3 weeks. The Canadian Dollar – which can at times be sensitive to swings in crude oil – struggled to capitalize on gains in the commodity.To get more news about WikiFX, you can visit wikifx official website.
　　Recommended by Daniel Dubrovsky
　　What is the road ahead for Crude Oil？
　　Get My Guide
　　The upbeat tone in financial markets showed that investors shrugged off recent doubts over the potential viability of a coronavirus vaccine in the works from Moderna. Instead, traders may seem to be looking forward to a gradual easing in lockdown measures that should help restart economic growth. This may also explain why oil is now spending more time moving in tandem with global equities as of late.
　　Still, challenges may be ahead. Minutes from the FOMC meeting showed that policymakers see ‘extraordinary uncertainty’ and ‘considerable risks’ in the medium term. A few Fed officials also saw a ‘substantial likelihood’ of more Covid-19 waves. Meanwhile an oversight bill sent US-listed Chinese stocks dropping as tensions between the worlds largest economies seem to be heating up.
　　Develop the discipline and objectivity you need to improve your approach to trading consistently
　　Thursdays Asia Pacific Trading Session
　　With that in mind, Asia Pacific equities could echo the upbeat tone from the Wall Street trading session. This could bolster crude oil prices as the Canadian Dollar pressures resistance against an average of its major peers. Rising equities may also support the sentiment-linked Australian Dollar. AUD/USD will also be eyeing commentary from RBA Governor Philip Lowe.
　　Crude Oil Technical Analysis
　　On a daily chart, WTI crude oil prices have broken above ‘outer’ resistance from the beginning of this year. Follow-through at this point is absent. Rising support from Aprils bottom is also guiding the commodity higher – blue line. This has ultimately exposed former lows from August 2016 which could stand in the way as new resistance. A turn lower places the focus on resistance-turn-support at 29.11.

Market sentiment appeared to have a risk-off tilt as the anti-risk US Dollar and Japanese Yen rose at the expense of the cycle-sensitive Australian Dollar. US equity futures pointed in the same downward direction while Asia-Pacific stocks traded mixed. RBA Governor Philip Lowe gave a speech, warning that monetary policy has its limits and that fiscal measures are crucial in combatting the coronavirus. Read the full report here.To get more news about WikiFX, you can visit wikifx official website.
　　Euro Outlook Ahead of ECB Minutes
　　It is difficult to say how the Euro will react to the publication of ECB meeting minutes considering most of the attention now appears to be focused on the central banks tension with the German high court. It recently issued a ruling that deemed the 2015 asset purchases program and the subsequent growth of the ECB balance sheet to its current size illegal, giving the central bank three months to explain their policies.
　　The court said that unless such an explanation can be made, the Bundesbank will not participate in the quantitative easing program. ECB President Christine Lagarde defended the central banks decision and affirmed her support of the Pandemic Emergency Purchase Program (PEPP). This extraordinary measure by the ECB entails purchasing 750 billion euros of debt this year in order to contain the financial fallout from Covid-19.
　　If the underlying tone of the minutes strikes an unexpectedly gloomy tone, it could lead to heightened liquidation pressure in the Euro. Investors will be eagerly scanning the pages to find a more detailed outlook on the ECBs position for its PEPP program. In a recent interview, Mrs. Lagarde made it clear that monetary authorities “will not hesitate to adjust the size, duration and composition of the PEPP to the extent necessary”.
　　British Pound Braces for UK PMI Data
　　The British Pound may decline following the publication of flash PMI data for May. Manufacturing, services and the composite reading are expected to print at 37.2, 24.0 and 25.7 print, respectively. While this is far below the neutral 50.00 figure, it is an improvement from the prior month.
　　Worse-than-expected readings could inspire further rate cut bets from the Bank of England as officials contemplate the use of negative interest rates. Selling pressure in Sterling may also be amplified by growing uncertainty about the outcome of Brexit. Last week, EU and UK officials sent a chilling message about progress – or more accurately, the lack thereof – which subsequently sank the Pound.
　　EUR/GBP Outlook
　　EUR/GBP is testing the lower tier of the key inflection range between 0.8986 and 0.9091 (purple-dotted lines) where the pair had previously encountered both upside and downside friction amid market-wide volatility in March. If EUR/GBP shies away from clearing the multi-layered ceiling, a subsequent pullback may ensue. In this scenario, selling pressure may start abating when the pair hits familiar support at 0.8687 (red-dotted line).

In an environment where many major currencies are range-bound, the British Pound has put in a recent streak of weakness.To get more news about WikiFX, you can visit wikifx official website.
　　Brexit remains as a driver but the notable item from this week was talk of potentially negative interest rates in the UK.
　　Next weeks economic calendar is rather light on high-impact data releases, pointing to the possible continuation of risk themes as a primary driver.
　　GBP Bounces After Last Weeks Support Breaks
　　It has so far been a brighter outlay this week for the British Pound as the currency has bounced against both the US Dollar and the Japanese Yen. Last week was marked by weakness in Sterling as sellers pushed each of those pairs down to fresh monthly lows; but at least a portion of that has been offset this week as both GBP/USD and GBP/JPY have thus far put in net gains, even as talk of negative interest rates from the BoE began to circulate through the headlines.
　　This dynamic isnt necessarily discounting the prospect of negative interest rates as much as it may be driven by a related theme in risk markets. As discussed on the topic of Gold and then US equities, an interview from FOMC Chair Jerome Powell that was broadcast on Sunday night has helped to add some heat to the current risk rally, and this looks to have taken a toll on both the US Dollar and Japanese Yen getting hit with another bout of weakness; which has helped to buoy both GBP/USD and GBP/JPY.
　　In Cable, the big question is whether sellers are going to react to that next spot of lower-high resistance, and there‘s a few possible areas where that may develop: From the below chart current support showed up around the 38.2% retracement of the March major move; and the 50% marker from that same study is very nearby, just above the 1.2300 handle. That area helped to provide a couple of spots of support in late-April and then again in early-May. Above that, the 61.8% retracement lines up very closely to the 1.2500 level, producing an element of confluence that may constitute an ’r2 zone of resistance.

After the 2008 financial crisis, the whole world is afraid of whether there will be another financial crisis similar to that of 2008. When the crisis really comes, people are still unprepared and unable to deal with it. What is the real danger？ The largest economy starts to divide due to trading, the whole country was hit by COVID-19. An uncoordinated policy response between countries will prolong economic weakness and trigger a new round of currency war.To get more news about WikiFX, you can visit wikifx official website.
Trade war, that means two or more countries have a conflict of trade taxes with each other. Generally, a country implements trade war in order to raise tariffs against other countries and expand its own exports. If the countries involved refused to compromise, they will face further increase of export tariffs.


　　Currency war means that countries maximize their benefits through their own currencies, usually by devaluing their currencies to stimulate exports and gain benefits from the exchange rate. When countries begin to devalue their currencies competitively, global currency wars and exchange rate wars will break out.
　　What's your leverage？
　　With the quantity of COVID-19 confirmed cases keep raising, the market investors have an unprecedented sense of urgency.
　　According to an analysis by MSIC, so far, global stock markets have fallen nearly 20 percent as a result of the spread of the COVID-19 epidemic and the collapse in oil prices, and volatility is expected to soar to more than 40 percent. It remains to be seen whether the crisis will follow a pattern similar to that of the past.
　　Underthe epidemic, major central banks around the world have begun to act.
　　The Fed cut interest rates by 50 bp and 100bp in a row, lowered the target range of the federal funds rate to 0- 0.25 percent, announced a new round of quantitative easing (QE) of $700 billion and cut the discount rate for emergency loans by 125bp. According to incomplete statistics, in addition to the Federal Reserve, more than a dozen central banks, including the Bank of Australia, the Bank of Canada and the Bank of Korea, have also entered the ranks of interest rate cuts.
　　Although the European Central Bank and the Bank of Japan, which are already in negative interest rates, did not cut interest rates further, they both stepped up quantitative easing. The ECB added an additional 120 billion euros in asset purchases until the end of the year, while the Bank of Japan announced an Y6,000bn increase of its annual ETF purchase target to Y12 trillion and a raise of the Japanese real estate investment trust (J-REITs) purchase target to Y180 billion.
　　It is worth noting that at present, a single monetary policy is no longer enough to boost market confidence. At present, the Fed is only one step away from negative interest rates, and there is a lot of speculation that the Fed will join the camp of negative interest rates in the future. However, whether negative interest rates can effectively boost the economy is still controversial, and the policy has also been criticized by many parties. The traditional monetary policy system, represented by the Federal Reserve, has been in trouble. Although extraordinary policy stimulus has become the norm, it cannot fundamentally break the situation and will deepen rather than alleviate the hidden risks.
　　Judging from the fiscal measures of major economies, the US Congress has passed an $8.3 billion bill to deal with the COVID-19 epidemic, and the Trump administration is planning to launch a nearly $1,000bn economic stimulus policy. Canada has also announced a new fiscal measure of C$1.1 billion. South Korea's parliament approved a supplementary budget of 11.7 trillion won to deal with the impact of the epidemic on the economy and support fragile businesses and domestic consumption.