China trims US Treasury stockpiles again, Panama Canal warning: SCMP daily highlights
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China trimmed its US Treasury holdings for a third straight month in May, amid escalating trade tensions with Washington and mounting concerns over a sweeping tax and spending bill.
The trafficking of materials to make the drug fentanyl – the issue cited by the US in its initial tariff escalation against China in March – is set to be back in focus for future talks, analysts said, after two previous rounds did not appear to broach the subject.
China's overall marketisation index, a measure of the strength of the country's market forces, is on the decline. Photo: Xinhua
Chinese economists have called for more pro-market reforms to tackle economic imbalances and vicious intra-industry competition, as a new report has revealed a decline in a major index tracking the country's marketisation.
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