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AUSSIE BONDS

Smooth Passage Of Auction

KOREA RATES

Reduced Issuance In August

AUSSIE BONDS

YM Lifted

EQUITIES

E-Minis Lower Still

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China's surging imports and exports last month showed the laws of economics are stronger than the will of U.S. politicians who advocate decoupling, and that its manufacturing cannot be suppressed by increasing tariffs, the Global Times said in an editorial. Exports to the U.S. rose 38.9% in the first five months while trade with India expanded by 70%, despite strained political relations, the newspaper said. China has become the most stable global production center as other capacities and commodities became more volatile, the newspaper said. If countries weaken cooperation with China for political purposes, they will only give away opportunities to others and incur more losses, the newspaper said.