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China's move to raise tax rebates on some exports is expected to ease the burden on the real economy and stabilize foreign trade growth to cope with complicated global scenarios, particularly trade frictions, according to analysts.
China's interest rate reform started in the 1990s, targeting a regime where interest rates are decided by market demand and supply. Now, only the hardest, but the most crucial part, is left to be finished, PBOC adviser Sheng said.
China's cotton output peaked in 2012 at 6.84 million tons, more than 2.2 times that of 1978, and continued to drop until a rebound in 2017.
China's insurance regulator barred Yao Zhenhua, chairman of Foresea Life Insurance, from the insurance industry for 10 years due to irregular market operations.
China's international trade in services dropped by 14.7 percent on a yearly basis to 2.2 trillion yuan (6.27 billion) in the first half of the year due to the COVID-19 pandemic and weak overseas demand. Despite the decline, the country's services exports outperformed imports, with the deficit narrowing by 46.1 percent from the same period of last year to 401.7 billion yuan.
来源：资阳报