The first coach of Qin Haiyang, one of the four Chinese swimmers who won the men's 4 x 100m medley relay of swimming at Paris 2024 Olympic Games, was overwhelmed by tears of excitement as she watched the competition's live stream in Shanghai on Monday.
Audience of the live stream, made up by the gold medalists' coaches and relatives, cheered for the athletes' excellent performance with the excitement reaching a high at the point when the team topped the competition ranking.
Zhao Fei, the first coach of Qin Haiyang, burst into tears at the team's success.
"The most exciting part is his rebound. It is fantastic. I think it is just like our lives, which are not always smooth. Today, what I have seen is four heroes who won the honor for our country by winning the gold medal. I am really excited," said Zhao.
The Chinese quartet of Xu Jiayu, Qin Haiyang, Sun Jiajun and Pan Zhanle won the men's 4 x100m medley relay final, the second swimming gold of China in the ongoing Paris Olympics.
Coach of Chinese Olympic gold medalist swimmer sheds tears at his success
The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.
Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.
The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.
The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.
In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.
This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.
The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.
ECB cuts interest rates by 25 basis points
