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Ma Xinmin, China's ambassador to Sudan, announced on Monday that China will offer emergency humanitarian aid worth 0,000 to the East African country as it struggles to cope with the widespread damage caused by floods and torrential rains.

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Malaysia Environment Minister Yeo Bee Yin said on Monday her country will not serve as the "rubbish dump of the world" and confirmed that customs officials had returned 150 shipping containers of scrap plastic to 13 nations.

Mainland's demands have also changed in recent years amid its economic transition, Chin added.

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Ma Yeqing, a professor of international trade at Nanjing University, said expanding imports can help make up for the shortage of some resources for production and lower the prices of certain products in the domestic market while improving their quality. The industrial structure can also be upgraded and downstream production costs be reduced, he said.

Malaysia's electrical and electronics sector stands to benefit from China's 14th Five-Year Plan (2021-25), where the world's second-largest economy is expected to emphasize technological innovation, according to Malaysian newspaper The Star.

Making things much worse, the US and Europe have had extremely low GDP growth and low productivity growth since the global financial crisis of 2008-2009. During this period, asset prices-stocks and properties-have been buoyed by monetary stimulus. That is, the Fed and the European Central Bank have kept interest rates low and money supply growth high for 10 years before the current crisis, forcing them to use even more extraordinary measures to deal with the new crisis.

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Manufacturing activity also beat market expectations in June, as the purchasing managers' index for the manufacturing sector stood at 51.7 points in June, higher than 51 for the ninth month and pointing to continued expansion.

Macy's said Thursday that it plans to reopen 68 stores next week in states that have eased stay-at-home orders and planned a phased re-opening of their economies.

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Macao SAR Chief Executive Ho Iat-seng said at the reception that during the past year, which had been an extremely difficult and extraordinary one, Macao had implemented strict prevention and control policies on COVID-19, leaving no deaths and achieving high recovery rates.

Macao SAR Chief Executive Office Director O Lam and President of Alibaba Cloud Hu Xiaoming signed the Strategic Cooperation Framework Agreement to Build Smart City at a ceremony presided by SAR Chief Executive Chui Sai On and the board of directors of Alibaba Group Jack Ma.

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