Australia's GDP figures for 2020 showed a decrease of 1.1 percent, according to the Australian Bureau of Statistics on Wednesday.
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The continuation of the robust growth seen in Britain's economy for the past three years is under threat, according to analysts.
Britain's Purchasing Managers' Index (PMI) for the manufacturing sector showed an unexpected slowdown in growth in August, yet the figures remain above the life-time average figure for the survey.
New figures from Swift RMB tracker show that RMB payments through London have increased by 123 percent in just one year.
A pair of giant naked sculptures which appeared on the side of a building in east China's Shandong Province have been removed following a furious online spat.