Before taking ill, Charles Ampofo was said to have been working towards building one of the largest energy cities in the world, which was to be located in Manil
Before taking ill, Charles Ampofo was said to have been working towards building one of the largest energy cities in the world, which was to be located in Manil
China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.
Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for interest rate cuts, while traders also contemplated a hawkish Trump presidency. However, while the bank is expected to cut rates again next month, Powell warned that the path "is not preset", adding that "the economy is not sending any signals that we need to be in a hurry to lower rates".
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.
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