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China's meteorological authority has issued its first red alert of the year for a typhoon on Tuesday morning, with super typhoon Maria expected to hit Fujian and Zhejiang provinces with heavy rains and powerful winds on Wednesday.
China's grain output is expected to decline by 1 percent this year, and its agricultural trade deficit will decrease to about billion, according to a new book compiled by a government think tank.
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 economy will continue to grow steadily amid restructuring, with consumption making more contributions to GDP. As the central government is dedicated to further open up the markets, the impact of trade frictions on the larger economy will likely be subdued. So, the A-share market is likely to pick up, MSHF analysts argued in their note.
China's non-manufacturing PMI stayed unchanged from the previous month and stood at 54.3 in May, registering the fifth month in a row with a reading above 54.
来源：资阳报