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The BOK slashed its target rate by 25 basis points to a new all-time low of 0.50 percent last week, after cutting the rate by 50 basis points in March.

The COVID-19 outbreak forced a sudden pause on the lives of everyone. People began practicing social distancing, and many had to work at home, living the new "cloud life".

The BRI is a new path of state-to-state relations based on dialogue rather than confrontation, partnership rather than alliance and on mutual learning and enrichment. It supports the multilateral trading system and embraces an economic globalization that is more open, inclusive and balanced so that its benefits can be shared by all. The BRI is therefore an important platform for building a community with a shared future for mankind and a new type of international relations.

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The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, came in at 92.88 on July 10, up 0.74 points from a week earlier, according to the CFETS.

The COVID-19 pandemic has severely suppressed China's consumption this year. In the first half, the growth rate of consumption declined. Many people are concerned about whether consumption－it has been the driving force of China's economic growth in recent years－is still strong.

The CPI is likely to rise by 2 percent to 2.4 percent year-on-year last month, an acceleration from the 1.5 percent growth recorded in February, according to the report.

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The BBC report comes during Amazon’s busiest time of the year as it hires an?additional?70,000 seasonal workers?this holiday season to help sort, pick and pack goods at its growing network of fulfillment centers — a 40 percent uptick in holiday hiring over last year.

The COVID-19 outbreak has laid bare the significant challenges facing all members of the global community, including those in governance, economy and healthcare management, said Wang Yong, director of the Center for International Political Economy at Peking University.

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The British government is a supporter of the initiative. In December, the government agency UK Export Finance announced 25 billion pounds ( billion) of funding to support British companies' exports to Belt and Road projects.

The CPC Central Committee has approved his expulsion from the Party.