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China's foreign trade declined 3.2 percent year-on-year to 14.24 trillion yuan in the first half of 2020, shrinking 1.7 percentage points compared to the yearly decrease of the first five months this year, according to data released by the General Administration of Customs.
China's growth in industrial value added rose by 7 percent year-on-year in November, from 6.9 percent in October, according to the National Bureau of Statistics. Retail sales, a key gauge of consumption, were up by 5 percent year-on-year, the fastest level of the year.
China's flagship cultural forum signed up China Daily on Tuesday to employ the media group's strength in enhancing global cultural exchanges as well as the nation's soft power.
China's monetary policy in 2017 is set to be "prudent and neutral" to keep appropriate liquidity levels and avoid large injections.
China's foreign exchange market is prone to the "habitual influences of irrational expectations" and one-way market expectations can sometimes be exaggerated, failing to reflect the real relationship between market supply and demand, the statement said.
