Monetary policy THE central bank said Friday it will maintain prudent monetary policy in the second half of this year and strengthen countercyclical adjustments to keep liquidity ample. It will also fine-tune policy at the appropriate time and comprehensively use multiple monetary tools, the bank said. Tunneling company ELON MUSK will soon launch a China unit for his underground tunneling enterprise, The Boring Co., the billionaire entrepreneur said on Twitter. Musk will attend the World Artificial Intelligence Conference of 2019 in Shanghai later this month. Gold consumption CHINA’S gold consumption fell by 3.3 percent year on year to 523.54 tons in the first half of 2019, the China Gold Association said Friday. Consumption of gold jewelry increased by 2 percent year on year to 358.77 tons during the period, while consumption of gold bars slumped by 17.3 percent year on year to 110.51 tons. |