The People's Bank of China (PBOC) attributed the weakening of the currency beyond 7 yuan per US dollar on Monday to factors including unilateral and protectionist measures, as well as the expectation of additional tariffs on Chinese goods, according to an online statement.
The Seattle-based tech giant reported earnings?yesterday of 45 cents a share, blowing out earnings expectations of 17 cents a share.?The profits come during what’s traditionally Amazon’s biggest quarter of the year, thanks to the holiday shopping season. What’s more, membership in Amazon Prime grew 53 percent over the course of 2014, even as Amazon raised the price for its free shipping service by to a year.
The SMEs, which delivered their annual reports at the end of March, posted an average annual business revenue of 212 million yuan in 2016, an increase of 25 percent, according to NEEQ.
The Senate was preparing to vote Wednesday to pass an earlier coronavirus rescue bill passed by the House last week that spends around 0 billion on paid sick leave, unemployment insurance, free coronavirus testing and more.
The People's Bank of China, the central bank, said that broad money supply growth, or M2, fell to 10.7 percent on a yearly basis in July, compared with 11.1 percent by the end of the first half. New yuan loans stood at 992.7 billion yuan (2.9 billion) in July, compared with 1.81 trillion yuan in June. Aggregate financing, which includes government bonds, rose by 1.69 trillion yuan in July, much less than the 3.43 trillion yuan increase seen in June, it said.
The People's Bank of China conducted 120 billion yuan ( billion) of reverse repos, a process by which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future.
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The People's Bank of China increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.
The Regional Comprehensive Economic Partnership (RCEP) signed on Sunday by 15 Asia-Pacific member countries also was discussed.
The Report on Contemporary Young People's Viewpoints on Marriage and Love, which was released on Monday, said the most desired family pattern for Chinese young adults-defined as people 19 to 35-is "parents plus children". Almost 70 percent of young males said life is incomplete without marriage.
The Pentagon said it was working with DHS to "determine the specifics of our support" to the Customs and Border Protection agency, part of DHS.