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China's non-financial outbound investment dropped 45.8 percent year on year in the first half, with money pumped into property, sports and entertainment suffering a substantial retreat of more than 80 percent.
China's foreign exchange regulator said it would further free cross-border capital flows and push forward exchange rate reform this year, amid more balanced international payments driven by import expansion. [Photo/IC]
China's large State-owned commercial banks remarkably increased the appropriation of impairment losses on loans in the first half to improve their capacity to combat risks after the COVID-19 pandemic broke out.
China's imports of bulk commodities including iron ore, crude oil and coal, as well as essential agricultural products such as meat, grew rapidly in the first quarter of this year, the General Administration of Customs said on Tuesday.
China's composite steel price index fell 5.6 percent last quarter.
