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The SCO will see its total GDP increase by .8 billion if member countries exempt import tax, according to a report released by the Chinese Academy of Social Sciences.

The ROK offered to the DPRK establishing a joint liaison office of the two Koreas at the DPRK's border town of Kaesong as the first project to implement the Panmunjom Declaration, which Moon and Kim signed during their first summit on April 27.

The People's Bank of China, the central bank, told China Daily on Thursday that it has received the first application from a foreign payment company to enter the country's booming third-party payment industry.

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The SCO serves as an important platform for Belt and Road Initiative (BRI) cooperation, Li said, adding that China is ready to further synergize the BRI with development strategies of fellow SCO members to make the SCO an example of openness, cooperation and common development.

The People's Bank of China pumped 130 billion yuan (about .3 billion) into the market through reverse repos, with 60 billion yuan of contracts maturing, leading to a net injection of 70 billion yuan. This followed a net injection of 30 billion yuan on Tuesday.

The People's Bank of China will allow participants in the next phase of its digital currency trials to use them for online purchases and offline payments.

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The Philippine Daily Inquirer, a major Philippine English newspaper, quoted the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) as saying most of these typhoons during the last quarter of the year are likely to make landfall.

The Plaza Accord was signed between the U.S., France, the United Kingdom, West Germany and Japan in 1985 to spearhead efforts to weaken the dollar in order to correct U.S. trade imbalances.

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The ROK and the DPRK also agreed to hold a working-level dialogue Saturday on the installation of a communication hotline between Moon and Kim.

The Seattle retailer’s?new publishing platform, called Kindle Scout,?harnesses?a?crowdsourcing model to get feedback on which manuscripts?should get the green light, and ultimately the backing of Amazon’s marketing power.