The Fed last week kept interest rates unchanged and signaled little desire to adjust monetary policy anytime soon. Fed Chairman Jerome Powell said he believed the weak inflation readings "may wind up being transient."
The Huangpu government signed a cross-border service cooperation agreement with several commercial financial organizations on Tuesday, to simplify the procedures of business application and registration for investment from Hong Kong and Macao.
The Financial Times said the record-breaking ruling was the most consequential decision Brussels had made in its eight-year antitrust battle with the United States company.
The HKSAR government issued a strong condemnation of the reckless behavior of the radical protesters, saying their display of violence, in total disregard of the rule of law, had seriously put public safety at risk.
The Hong Kong and Macao Affairs Office of the State Council also added its voice to the condemnation on Tuesday.
The FT report said China's export in November increased at the fastest rate since February 2018, well beyond the economists' estimate of 12 percent.
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The Hainan free trade port and reform plan is another example of market-oriented reform policies implemented throughout China in recent years. There has been strong emphasis on strengthening the rule of law, which is necessary for an efficient commercial system. At the two sessions meetings this year, the government announced strong steps to aid private businesses, especially small and medium-sized businesses. Last year, further steps were taken to ensure equal treatment for foreign businesses.
The Fed trimmed the federal funds rate by 25 basis points to a target range of 2 percent to 2.25 percent at its July policy meeting, with participants of the rate-setting Federal Open Market Committee citing varying concerns in making the decision, including slowing global growth, the US-China trade dispute and low inflation.
The Guizhou provincial finance department and emergency management department have earmarked 4 million yuan for disaster relief efforts in the affected areas. Tents, clothes, quilts, folding beds and other relief supplies have been dispatched to the affected residents.
The Fed is expected to leave its benchmark interest rates unchanged at its next policy meeting on Jan. 30-31. The central bank last month estimated it would raise interest rates three times in 2018 if the U.S. economy performs as Fed officials expected.