Busy night market boosts economic recovery
The car trunk bazaar, with products carried in car trunks, attracts young people and promotes development of the night economy.
The car trunk bazaar, with products carried in car trunks, attracts young people and promotes development of the night economy.
An economist said China's monetary policy will have greater room to support the real economy as spillover effects of the Fed's tightening fade with reduced capital outflow…
China's central bank slashed key interest rates in a surprise move as a raft of data showed weakness in the world's second-largest economy.
He also stressed efforts to shore up market entities, stabilize employment and prices, and guarantee people's livelihoods.
With rising prices putting pressure on household finances, 61% of firms responded that they “plan to raise wages in the future.”
Thanks to the cuts, the country's loan prime rates are likely to see reductions this month, experts said.
In light of the disappointing January-July export performance, the General Directorate of Rubber voiced optimism that the market and investment situation would see marked…
Local governments across China have recently accelerated measures to boost consumption, a major challenge to the national economy in the second half of the year.
According to data, crude palm oil exports in June reached 2.33 million tonnes, 3.4 times higher than the previous month, following the stopping of the export ban on May 23.
The central bank will also promote China's financial reform and opening-up.