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Reserve Bank of Australia Governor Bullock: If the committee believes that inflation will not fall, it will face some tough decisions.

2026-07-28

Reserve Bank of Australia Governor Bullock: If the committee believes that inflation will not fall, it will face some tough decisions.

Other News
2026-07-28

Australia's S&P/ASX 200 index opened down 35.50 points, or 0.40%, at 8858.50 on Tuesday, July 28.

Australia's S&P/ASX 200 index opened down 35.50 points, or 0.40%, at 8858.50 on Tuesday, July 28.
2026-07-28

MOFCOM said on July 28 China does not deliberately pursue a trade surplus. Export growth reflects scale economies and rising innovation plus external demand from global green transition and industrialization. Exports to the EU are concentrated in pho

MOFCOM said on July 28 China does not deliberately pursue a trade surplus. Export growth reflects scale economies and rising innovation plus external demand from global green transition and industrialization. Exports to the EU are concentrated in photovoltaics, new-energy vehicles, lithium batteries and chemicals—largely reflecting decarbonization-driven demand for energy-related products and higher European production costs after the energy shock. China is not targeting a larger share of labor‑intensive exports; that share fell from 20.7% in 2012 to 15.1% in 2025. In 2025 foreign firms accounted for 27% of Chinese exports and 16% of the trade surplus, with surplus and profit growth outpacing domestic firms. While goods trade posts a sizable surplus, deficits in services and investment income leave the current account surplus at about 3.7% of GDP, within internationally accepted ranges.
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