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And as core inflation remains stable, it is unnecessary for policymakers to specifically respond to rising consumer inflation.

Analysts expect a sharp economic contraction in the second quarter. Unemployment is expected to spike and consumers are expected to reduce spending. Consumer spending represents about 70 percent of the US economy. A sharp reduction in spending and demand could lead to a downward spiral.

And today, the 40-year-old co-founder of Naked Group, a big label in the resort business in East China, is betting big on the future of co-working spaces in China, and Asia as well, aspiring to get global corporate icons out of "their ugly offices" and into his much cooler and lively spaces branded as Naked Hub.

Analysts said that as Womai is not profitable yet, it may choose to take a test other than that of profitability and could pass the hearing without many difficulties, but profitability remains a key for share price performance in the future.

And at about 700 locations, the company is testing "dessert stations" behind the counter where employees can make sundaes topped with cake or brownie chunks.