Preventing accumulation of asset bubbles could be another reason policymakers are holding back on monetary easing, though balancing between growth stabilization and controlling leverage is always tricky and difficult, according to analysts.
Prime Minister Scott Morrison is considering calling a Royal Commission to look into the fires and the government's response, as criticism mounts over his handling of the emergency.
Private companies, which are mostly SMEs, account for 60 percent of the Chinese economy and 80 percent of jobs, so it is crucial to get them back up and running.
Professor Yuen Kwok-yung, right, speaks next to Wong Ka-hing, the Controller of the Centre for Health Protection of the Department of Health, during a press conference at the Health Department in Hong Kong, Jan 11, 2020. [ANDY WONG/AP]
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Price-rise does not necessarily mean they are seeking to make unfair profits by exploiting a situation opportunistically. Rather, price-rise helps prevent over-stocking at warehouses, he said.
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Prior to Xi's leg in Germany, he paid a visit to Russia. The previous G20 summit was held in Hangzhou last year with Xi in the chair.
Prime Minister Narendra Modi remained the star campaigner for the main ruling Bharatiya Janata Party (BJP) as he traversed across the country in over 50 days. He is learnt to have addressed more than 100 public rallies.
Professor Dede Birhonga Ndemba, president of the DRC Foreign Affairs University, attended the 12th Confucius Institute Conference in Xi'an, Shaanxi province, on Aug 12, and was granted the license of the new institute by the Confucius Institute headquarters.
Private companies played a significant role in propelling trade growth, with their foreign trade expanding by 11.3 percent in the first 11 months to account for 46.4 percent of the country's total.