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Chinese imports jump, exports robust as trade conflict yet to take toll

Bloomberg China’s exports grew faster than expected, while imports surged, showing both domestic and international demand continue to shrug off the uncertainty of the trade conflict with the US. Exports rose 12.2 percent in July in dollar terms from a year earlier, the customs administration said, faster than the forecast 10 percent. Imports climbed 27.3 percent, leaving a trade surplus ...

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Samsung unveils $161bn investment plan

Bloomberg Samsung, South Korea’s biggest conglomerate, plans to invest $161 billion to ramp up its ability to produce memory chips and other products vital to future growth, lending its support to President Moon Jae-in’s efforts to shore up a slowing economy. The spending will boost research and expenditure in artificial intelligence, fifth-generation wireless networks, bio-pharmaceuticals, displays, semiconductors and other key ...

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Typhoon Shanshan approaches Tokyo region

Bloomberg Typhoon Shanshan continued its slow-moving approach towards the Tokyo region, with the tropical storm’s arrival likely to disrupt commuters from August 8 night through Thursday morning. Authorities are warning that as the typhoon’s approach is unusually slow, its effects may be last longer than usual. The typhoon is set to bear down overnight on the Kanto region, where Tokyo ...

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