China's exports fall in August as US trade war rumbles

13 Sept 06:32 Key points summarised by AI

China's exports unexpectedly declined by 1.0% in August, reversing a brief rebound in July and missing economists' forecasts, primarily due to the ongoing US trade war.
The country's trade surplus significantly dropped, and imports continued their four-month decline, indicating broader economic challenges.
The US escalated trade tensions by imposing new tariffs on September 1, although new talks between the two nations are scheduled for early October.
In response to the economic slowdown and near-three-decade low GDP growth, China's central bank cut deposit reserve requirements, freeing up an estimated $126 billion for business loans.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.