Follow us on: |
Although FDI has slowed somewhat in China, the government has succeeded in decreasing capital outflows.
China's government says an economic transition from industry toward services is advancing.
Trade with the EU, China's biggest trade partner, climbed 17.1 percent .
The MSCI Emerging Markets index comprises 10 per cent of world market capitalization.
Retail sales rose 11.0 percent in June from a year earlier, the fastest pace since December 2015.
The bill allows more temporary work contracts and outsourcing, eliminating mandatory union dues, in effect weakening workers' rights.
The NDB was created in July 2014 with initial authorised capital of $100 billion.
Russia had banned food imports from countries that had tried to punish Moscow with sanctions.
The drop in consumer confidence after the ratings downgrade is bad for the economy as it reduces domestic demand.