The momentum was sustained through July as total foreign trade volumes rose by 6.5 percent year-on-year. Exports and imports went up by 10.4 percent and 1.6 percent, respectively.
The move came amid tougher market oversight and severer punishment for illegal trading in recent years, especially after the market rout in 2015 that shattered confidence among the country's stock investors, most of whom are retail traders with little financial expertise.
The minor progressive Justice Party welcomed Kang's nomination, describing the resistance as "opposition for the sake of opposition."
The moves came shortly after Tencent led an investment of 34 billion yuan in the commercial property arm of Dalian Wanda Group in late January, which created arguably the biggest tie-up between internet firms and brick-and-mortar commerce in China to renovate retailing.
The most active PTA contract for January 2021 delivery gained 6 yuan (87 US cents) to close at 3,774 yuan per ton.
The move forms part of Cainiao's broader effort to expand and strengthen its global logistics network. Just last week, Cainiao unveiled plans to open five hubs in five cities around the world – Dubai, Hangzhou, Kuala Lumpur, Liège in Belgium and Moscow.
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The moves follow reports that China's economic growth slowed to 6.2 percent year-on-year in the second quarter, its weakest pace in at least 27 years, with consumption contributing more than 60 percent of GDP growth.
The move places Brazil in a growing list of nations that have directed staggering amounts of money to protect their economies and prop up their health systems from the coronavirus outbreak.
The motion, introduced by council member Paul Koretz during Tuesday's council meeting, would direct the city attorney to draft an ordinance that will prohibit the sale of all e-cigarette and vaping devices until/if they receive FDA approval.
The move is aimed at preventing the base from overcrowding, which has been commonplace during previous holidays.