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IMF official urges boosting intra-Asia trade amid anti-globalization sentiment

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WASHINGTON, JULY 01 (Net) -- Anti-globalization sentiment will rise due to the COVID-19 pandemic, and intra-regional trade will become very important for Asian countries, said an International Monetary Fund (IMF) official, urging them to further open up their markets to each other.
"I think it's very important for us to emphasize that trade is important for every country's growth and everyone's welfare," Chang Yong Rhee, director of the IMF's Asia and Pacific Department, told Xinhua in a...

China reopens but businesses struggle to lure back consumers

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BEIJING (Net) — The Daronghe restaurant in Chengdu in China's west has reopened but, with business down by half, its staff of 150 come to work on alternate days.
Three months after China declared victory over the coronavirus and started to reopen its economy, the restaurant is among thousands...

Asian shares up after Wall St closes best quarter since 1998

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TOKYO (Net) — Asian shares were mostly higher Wednesday after Wall Street capped its best quarter since 1998, shrugging off continued signs of global economic damage from the coronavirus pandemic.
Japan's benchmark Nikkei 225 slipped 0.2% to 22,187.27. South Korea's Kospi rose 1.0% to 2,130.14...

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