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Americans are becoming more optimistic about the economy despite what some see as inflationary pressure, the Federal Reserve Bank of New York reported.

Amid plans to tackle local government debt by forbidding local bailouts, tightened regulation might put sudden pressure on enterprises to repay their debts this year, according to analysts.

Amid growing optimism that China's auto industry is improving, industry experts have urged caution and said both sales and production in the country could take a big hit if the health crisis is not curbed overseas.

Among the various sections of goods and services, price indices of accommodation, transport and communications, as well as food, alcoholic beverages and tobacco rose by 7.05 percent, 6.30 percent and 4.25 percent year-on-year respectively.

Amid a special ceremony, Nepali Prime Minister K.P. Sharma Oli inaugurated the historical structure that falls under UNESCO World Heritage Site.