China reports its exports up 28% and imports hit decade-high

15 Sept 04:37 Key points summarised by AI

China's exports surged 27.9% in May, propelled by strong global demand as economies recover from the pandemic.
Imports soared 51.1% year-on-year, marking the fastest growth in over a decade, influenced by rising commodity prices and a strong yuan.
Despite robust figures, both export and import growth slightly underperformed analyst expectations, partly due to port disruptions and the Suez Canal incident.
China's overall trade surplus in May decreased by 26.5% year-on-year, settling at $45.53 billion.

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.