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Review import tariffs on inputs to check inflation says, Yusuf
• ‘Currency depreciation is disastrous for import-dependent economy’
• How to reduce inflationary pressures, says Owoh
From 2009 until four years ago, Raheem Adelabu, who until recently was a business analyst with a leading insurance firm and devout Muslim, was used to buying three rams to celebrate Eid-el-Kabir. But since 2017, the festive season has seen a reducing balance for his family as well as parents and in-laws, who were hitherto given a ram and bag of rice each. x
In the last two celebrations, Adelabu, whose commitment to Islam has taken him to Hajj three times, could only afford a ram, which he shared as his family tradition demanded with his parents and in-laws.
China’s economic recovery loses some steam, investors eye more policy easing
China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery.
Gross domestic product (GDP) expanded 7.9% in the April-June quarter from a year earlier, official data showed on Thursday, missing expectations for a rise of 8.1% in a Reuters poll of economists.
Growth slowed significantly from a record 18.3% expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump in the first quarter of 2020.
Foreign investors expected to boost domestic financial markets By ZHOU LANXU | China Daily | Updated: 2021-07-19 07:08 Share CLOSE A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China s Anhui province. [Photo/IC]
Global asset managers and sovereign funds are likely to strategically scale up investments in Chinese financial markets after the country s first-half economic data boosted their confidence in China s high-quality development agenda, experts said.
China reported 5.3 percent GDP growth on a two-year average basis in the first half of the year, up from the first quarter s 5 percent, the National Bureau of Statistics said on Thursday.
Nation addresses low fertility rate
1 2021-07-19 08:42:31China Daily
Editor : Li Yan
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A nurse weighs a baby at a hospital in Nanning, capital of Guangxi Zhuang autonomous region. (LIU WENHUA/CHINA NEWS SERVICE)
Lack of child care services, cultural shifts cited for decline
English-language teacher Yang Mengqi, who is in her late 20s, does not want to have a child for at least three years.
Her students, who are in their first year at senior high school, are on track to sit in the all-important gaokao, or national college entrance examination, in 2023, and Yang sees her short-term priority as making sure they go to the universities of their choice.