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MIL-OSI China: Chinese weightlifter Lyu rewrites history with Olympic men s 81kg gold

MIL-OSI China: Chinese weightlifter Lyu rewrites history with Olympic men s 81kg gold
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MIL-OSI China: New Shanghai Pudong cluster unveiled

Source: China State Council Information Office The New Bund Global Economic Organization Cluster was unveiled in Shanghai’s Pudong New Area on Wednesday, as part of its efforts to attract more international economic entities to drive high-quality growth. China issued a guideline on July 15 to support high-level reform and opening-up of Pudong. The guideline listed measures to build Pudong into a pioneer area for socialist modernization. The guideline also pointed out that Pudong should play a role in drawing more international economic organizations and multinational companies’ regional headquarters to the China (Shanghai) Pilot Free Trade Zone. Currently, a total of 10 international economic organizations have set up offices in the New Bund of Pudong (Qiantan Area).

MIL-OSI China: US Fed inches closer to tapering asset purchases

Source: China State Council Information Office The U.S. Federal Reserve on Wednesday signaled that the central bank is inching closer to tapering its asset purchases amid concerns over surging inflation and the rapid spread of the Delta variant of COVID-19. The U.S. economy “has made progress” toward the Fed’s goals of maximum employment and price stability since last December, the Fed said in a statement after concluding a two-day meeting, adding the central bank will continue to assess progress in coming meetings. While indicators of U.S. economic activity and employment “have continued to strengthen,” the sectors most adversely affected by the pandemic “have not fully recovered,” the Fed said, noting the path of the economy continues to depend on the course of the virus.

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