On Tuesday, an executive meeting of the State Council, the country's Cabinet, decided to extend the tenure of two monetary policy tools-allowing small and micro enterprises to delay loan principal and interest repayments, and offering credit loans with favorable prices to small businesses. Though these two mechanisms were supposed to end by this year, the meeting did not clarify as to how long the tools will be extended.
On Thursday, the US Federal Reserve said it would inject about .5 trillion into short-term lending markets. The announcement boosted the market briefly, but shares soon continued to plunge Thursday.
On Tuesday, the total trading volume of six listed No 1 soybean futures contracts on the exchange was 216,661 lots, with a turnover of 9.61 billion yuan.
On Wednesday, it was confirmed that 10 people on board the cruise ship Diamond Princess off the Japanese port of Yokohama had tested positive for the virus, prompting authorities to instruct about 3,700 passengers, including 400 Americans, to remain inside their cabins, as officials attempt to prevent further infection.
On the other hand, coal consumption and production worldwide grew for the second year in a row in 2018, following three years of decline from 2014 to 2016, with consumption up 1.4 percent year-on-year and production up 4.3 percent year-on-year.
On regional economic recovery, Li said East Asia has long played an important role in the world economy, and this great responsibility should continue to be fulfilled in the current context. Countries should work together to promote regional economic recovery, development and move toward prosperity, which will inject strong impetus into global economic recovery as well, he said.
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On a yearly basis, new home prices continued to climb in the 70 cities surveyed in June, but the pace of growth slowed in 15 major cities compared with the previous month. On a month-on-month basis, new home prices fell or remained flat in nine cities.
On Wednesday, the two unions will join a coalition of activists, community leaders, and elected officials for a rally at New York City Hall to protest the Amazon development, which is one half of the “HQ2” project that has been making headlines for more than a year. The rally?is timed with a New York City Council hearing on the financing of the Amazon deal.
On the back of a recovery in the construction machinery manufacturing sector in 2017, China's top 25 machinery manufacturers reported a growth of 99.5 percent in sales of excavators, totaling 140,303 units. XCMG saw its 2017 profit surge 350 percent from 2016.
On a quarterly basis, the trade deficit worsened by 49 percent from 5.6 billion Namibian dollars (5 million) in the last quarter of 2017.