Pounds value falls as an effect of the continuing poor performance of UK’s manufacturing and construction industry and the Brexit uncertainty. The pound fell by 0.7 percent compared to a dollar and 0.8 percent against euro.
Retail prices of gasoline and diesel in China was reported to increase on Tuesday as announced by the National Development and Reform Commission. Retail prices will increase by 180 Yuan or about $26.4 per tonne for gasoline and 170 Yuan for the diesel.
Former government leaders and research experts from both sides of China and the US call their leaders attention to rationally address the continuously inflamed trade war. They appealed that both sides should stop exchanging tariffs on each other to loosen up the tensions of their trade frictions.
The Chinese People’s Liberation Army Air Force (PLAAF) aired for the first time on Tuesday a new 3-minute promotional video that showcases China’s most sophisticated and deadliest aircrafts as part of China’s military modernization.
China will pursue changes in its economic policies amidst continuing trade war between the US and the country. Chinese President Xi Jinping stated that this administration is working to build an open world Chinese economy even though the tariff war with the US continuous.
A recent Forbes data shows that the Asia Pacific region, along with China, has the most number of billionaires. This recent surge came in a time when China and the United States are entangled in a bitter trade war.
The Chinese Ministry of Agriculture recently confirmed the sixth African swine fever case on Sunday. The department added that 134 hogs had died due to complications. The latest case was reported in Xuancheng city in the eastern Anhui province.
Beichuan Qiang Autonomous County of Northern Sichuan province signed a business partnership with Hangzhou Yi Shu Blockchain Technology Co., Ltd, a new blockchain company to support their goal of developing its forestry industry. The agreement was reported by the local news outlet, China Net, on August 24.
US implemented an increase in the rate of their US Postal Service and the Chinese businesses increase growth as its effect. The increase in the postal rates in the US decreases the shipment costs of Chinese merchant’s products.