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China's yuan funds outstanding for foreign exchange went down slightly last month but remained at a stable level, official data showed Friday. [Photo/VCG]
China's top trade negotiator will visit Washington next week to sign the phase one deal with his counterparts in the United States, an encouraging sign for both sides to further reduce tensions.
China's retail sales of consumer goods grew 9.4 percent year-on-year to reach 2.85 trillion yuan (0 billion) in April, data from the National Bureau of Statistics showed on Tuesday.
China's treasury cash is held at the PBOC, or the central bank, but commercial banks also look after a part of it in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.
China, under the Belt and Road Initiative, will link Asia, Africa and Europe. The initiative envisions a trade and infrastructure network connecting Asia with Europe and Africa. Pan argues that this again offers opportunities for Africa.
来源：资阳报