News Snapshot:
China's premier has called on the country's richest provinces to offer economic support to boost pro-growth measures. The country saw consumption and output unexpectedly slow down in July. "A sense of urgency must be strengthened to consolidate the foundation for economic recovery," Premier Li Keqiang said. An uncompromising zero-Covid approach sharply contracted the Chinese economy in the second quarter of this year. In a rare move, China's central bank cut lending rates on Monday to revive demand. China's economy continued to recover in July, but there were "small fluctuations", Mr Li said in a video meeting with senior officials from...
