China steps up counter-cyclical adjustment with policy rate cuts
BEIJING, June 14 (Xinhua) -- With two policy rate cuts announced on a single day, Chinese monetary a
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BEIJING, June 14 (Xinhua) -- With two policy rate cuts announced on a single day, Chinese monetary a
China’s exports dropped by 0.8 percent year-on-year in May, due to weak external demand amid economic woes in major economies, while imports returned to growth during the month thanks to improving domestic demand, according to official data on Wednesday.
China’s exports to the US, its third largest trading partner, continued to decline in May amid Washington’s “decoupling from China” push that are hurting normal bilateral ties.
A 41-year-old driver is assisting the police with investigations after his trailer hit a pedestrian in Tuas South Avenue 3 on Wednesday. Read more at stomp.straitstimes.com
Although the Chinese currency renminbi faced some downward pressure in the past few trading days, there is little room for it to head further south in light of the economic recovery that is on track, said experts on Thursday.