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Analysts believe it could take 18 to 24 months for commercial and recreational air travel to return to pre-pandemic levels.

Andrew Tilton, chief Asia economist at Goldman Sachs, said China started lifting lockdown measures in Wuhan, Hubei province, last month, when new cases were still surging in many countries.

Andrew Steer, president of the Washington D.C.-based environmental group World Resources Institute, said on Monday in a statement that by withdrawing from the Paris Agreement, the Trump administration is showing that it cares about neither science nor economics.

Analysts said the ruling could prompt more pay TV companies buying television and movie makers, including Comcast Corp's bid for some 21st Century Fox Inc assets.

And the trend has not stopped. In a filing to the Shanghai Stock Exchange on Aug 10, SAIC Motor Corp, the country's largest car group by sales, said its general assembly had passed a bill to issue bonds worth up to 20 billion yuan.