Briefly

IMF: External position in line with fundamentals

China's external position in 2019 was broadly in line with the level "implied by medium-term fundamentals and desirable policies," the International Monetary Fund (IMF) said in its new External Sector Report released on Tuesday. "Policy reactions have appropriately prioritized support to the most affected households, workers, and firms, with increased focus on further supporting the demand recovery," the IMF said. The multilateral lender said China has room to provide more policy support if needed, including on green investment and strengthening the public health system and social safety net.

Swivel bridges complete rotation procedures

Two 140-meter-long and 20-meter-wide swivel bridges, the first one spanning two railways and a highway in Hohhot, Inner Mongolia autonomous region, have been turned to targeted positions and connected after rotating for 70 minutes without affecting the traffic. Builders from State-owned China Tiesiju Civil Engineering Group conducted the successful rotation of the two bridges, each weighing 10,000 metric tons, over the existing Beijing-Baotou Railway, Tangshan-Hohhot Railway, after constructing them for 21 months.

Xinhua - China Daily