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Rising food prices has sent consumer inflation to an eight-month high.
The purchasing managers’ index rose to 52.7 from 51.3 in June, Nikkei and Markit Economics said.
Weakened demand for manufactured goods in China pulled down Asian and oil stocks Monday.
It has held above 50, the dividing line between expansion and contraction, for the last five months.
The two sides signed a mid- and long-term plan for trade and economic cooperation.
The direct payments value between South Africa and China/Hong Kong denominated in yuan soared to 31.3 per cent in June 2015 from 10.8 per cent in June 2014 and 4.6
It has, however, pulled back from Russia, deeming it “too risky”.
China is stepping up engagement with ASEAN even as the US repeatedly asserts its seriousness about the Asia Pivot.
Russia plans to use the new link to ship gas to Turkey and onto Europe, bypassing existing pipelines in Ukraine.
PBOC will also inject $8.05 billion into the money markets through seven-day reverse bond repurchase agreements on Tuesday.
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