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The People's Bank of China (PBOC) is now open to applications from qualified banks for the use of a new tool called targeted medium-term lending facility (TMLF) to get stable long-term funds to support their businesses.

The Republican proposal didn't include cutting the federal payroll tax as Trump had wanted. The president said such a tax cut would get money into the hands of workers quickly.

The S&P 500 posted 33 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 44 new highs and 68 new lows. 

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The Reuters story quoted Ian Bremmer, president of the consulting firm Eurasia Group, saying that "there are very few things in the world that unite countries as much as their antipathy towards Trump and what he is doing".

The Seattle tech titan hired eBay’s head of artificial intelligence, Hassan Sawaf, to lead its own A.I. operation in Palo Alto, Calif.

The Performance Marketing Association, which represents affiliate marketers such as those working with Amazon, had challenged the 2011 law that created the ?Illinois Affiliate Nexus Tax. A Cook County Circuit judge ruled the law unconstitutional because, according to Crain’s Chicago Business, “simply having an affiliated company in the state that makes sales or refers customers to an online retailer doesn’t create enough of a presence, or nexus, for tax purposes.”

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The Party Congress also proclaimed that China will open up its economy, promote cooperation in countries participating in the Belt and Road Initiative and adhere to the principles of extensive consultation, joint efforts and shared benefits.

The ROK's President Moon Jae-in agreed earlier this week with Trump that the two allies would not conduct the annual springtime war games during the Winter Olympics period.

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The Party proposed two new concepts at the congress－"a new era of socialism with Chinese characteristics" and Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, which has been written into the Party Constitution.

The People's Bank of China, the central bank, said that broad money supply growth, or M2, fell to 10.7 percent on a yearly basis in July, compared with 11.1 percent by the end of the first half. New yuan loans stood at 992.7 billion yuan (2.9 billion) in July, compared with 1.81 trillion yuan in June. Aggregate financing, which includes government bonds, rose by 1.69 trillion yuan in July, much less than the 3.43 trillion yuan increase seen in June, it said.