The Purchasing Managers' Index, which reflects the manufacturing sector's performance, registered 51.2 in April, slightly lower than 51.8 a month earlier, according to data from the National Bureau of Statistics released on Sunday. The figure remains above the year-ago index of 50.1.
The RCEP is a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations-Indonesia, Thailand, Singapore, the Philippines, Malaysia, Vietnam, Brunei, Cambodia, Myanmar and Laos-as well as Australia, China, Japan, New Zealand, India and the Republic of Korea. Negotiations were formally launched in 2012.
The Political Bureau of the Communist Party of China Central Committee held a meeting on Thursday to discuss economic work for next year. During the meeting, the leadership agreed that there have been changes in the international and domestic situation, and the country will make efforts to stabilize economic growth while continuing to carry out reform and opening-up.
The Seattle City Council’s last attempt to raise taxes on Amazon was a flop. In 2018 the City Council passed a per-employee tax on Seattle’s top-grossing businesses to fund affordable housing and homeless services. Faced with a protracted fight from Amazon and others in the business community, the council repealed the tax a few weeks after passing it.
The Rongjiang River spills over into the streets of the Rongshui Miao autonomous county in the Guangxi Zhuang autonomous region on July 11, 2020. [ZHANG AILIN/XINHUA]
The People's Bank of China will streamline the lending interest rate system to further reduce borrowing costs for small and micro enterprises, the central bank said in its quarterly monetary policy report.
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The People's Bank of China (PBOC) conducted 190 billion yuan (.6billion) of reverse repos, a process by which the central bank purchases securities from banks through bidding, with an agreement to sell them back in the future.
The Pearl River's major tributaries are the Xijiang, Dongjiang and Beijiang rivers, and it runs through Guangdong, Yunnan, Guizhou, Jiangxi, Fujian and Hunan provinces, as well as the Guangxi Zhuang autonomous region, Hong Kong and Macao special administrative regions.
The People's Liberation Army's parade on Sunday reflected the Chinese military's latest efforts to strengthen its combat readiness and joint operation capability.
The ROK's Yonhap News Agency said on Monday that Moon "is known to be hoping" that the United States and the DPRK will hold talks as senior officials from both sides arrive in Pyeongchang.