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Business

China posts first import growth since pandemic, exports also up

BEIJING: China’s imports in June rose for the first time since the coronavirus crisis paralysed the economy this year, as demand for commodities surged on the back of government stimulus, while exports also rose in a sign the recovery is gaining traction.

Business

South Korea to spend US$95bil on green projects

SEOUL: South Korea has outlined a plan to spend 114.1 trillion won (US$94.6bil) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.