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Social media could ‘destabilise the economy’, Bank of England warns. Social media echo chambers could spread false ideas about the economy. This can lead to groupthinking on a vast scale. And subsequently, it undermines growth with “waves of collective irrationality”. The Bank of England has warned.
China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said.