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But ultimately it will be Trump's administration that decides if Mexico's efforts are deemed sufficient.

By Sunday morning, 329 of the workers had been brought to the surface. Five were confirmed dead and 13 remained trapped.

But the survey also revealed inventory levels in March rose for first and second-tiered cities, indicating houses were selling more slowly as supply outpaced demand.

But, suppose we just ignore the real data and assume, counterfactually, that Chinese monetary authorities want to manipulate the value of the yuan. Would such a policy be beneficial for China? Absolutely not.

Buying and selling of industrial products via online platforms could well be the "next blue ocean" in China's e-commerce sector, according to a joint report by consultancy Bain and Alibaba in January. The market value of industrial products e-commerce is slated to hit 2.3 trillion yuan (3 billion) in 2024 from 700 billion yuan last year.