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Anchor Food Professional, Fonterra's food service business, has signed a deal to provide goods worth 12 billion yuan to Xiamen C&D Corp, a large industrial and investment enterprise in Xiamen, Fujian province.
Analysts said that the emphasis on flexibility and a targeted approach in monetary policy underscored the government's intention to inject more liquidity to support the epidemic-hit economy, while it remains very cautious about excessive easing that could lead to a steep rise of asset prices in the capital and property markets.
Analysts said such structural reforms could help the country to maintain a more sustainable economic growth in the long run.
Analysts have said Ford may be less likely to agree to a signing bonus as large as GM's, and it may want to trim some engine and transmission factory capacity. The company may also have been reluctant to agree to paying new hires full wages within four years as GM did. Ford has about 18,500 workers hired after 2007 who would get big pay raises, compared with GM's 17,000.
Analysts said home price declines are not surprising in cities which experienced fast price growth in recent years. Rising lending costs, declining yields from rentals, and stricter home purchase regulations are driving hot money away from the residential property market in these cities.