Xinhua world economic news summary at 0900 GMT, Sept. 7

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JAKARTA -- Indonesia's foreign exchange reserves rose to a new record high in August due to tax collections, government foreign borrowings and oil and gas revenues as well as the central bank's strengthened capabilities of anticipating market volatility amid the COVID-19 pandemic.

Indonesia's foreign exchange reserves rose by 1.9 billion U.S. dollars to 137 billion U.S. dollars in August after the reserves logged a record high of 135.1 billion U.S. dollars in July, the Indonesian central bank said on Monday. (Indonesia-Forex Reserves)

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HANOI -- Vietnam exported more than 7.3 billion U.S. dollars of wood and wood-based products in the first eight months of this year, up 9.6 percent against the same period last year, according to the Vietnam Administration of Forestry on Monday.

Major export markets of Vietnamese wood and wood-based products in the eight-month period included China, the European Union, Japan, the United States and South Korea. (Vietnam-Wood Export)

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CANBERRA -- Australian Prime Minister Scott Morrison has announced a deal to acquire more than 84 million doses of potential coronavirus vaccines.

Morrison, Health Minister Greg Hunt, and Karen Andrews, Minister for Industry, Science and Technology, on Monday announced vaccine deals with the University of Queensland and Australian biotechnology company CSL, and also with the University of Oxford and pharmaceutical giant AstraZeneca. (Australia-Vaccines-Deal)

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JERUSALEM -- Israel's annual budget deficit hit a record of 110.5 billion new shekels (32.76 billion U.S. dollars), according to a report published by the state's Ministry of Finance on Sunday.

The deficit figure, between September 2019 and August 2020, accounts for 8.1 percent of Israel's GDP, far over the government's target of 3 percent. (Israel-Budget Deficit) Enditem

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