Exclusive: China may announce 10 new COVID easing steps on Wednesday
Synopsis by mint Dec 05 22
The measures will supplement the 20 measures unveiled in November that triggered massive protests across the countryRead full article 
Reuters: Exclusive: China may announce 10 new COVID easing steps on Wednesday
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| Last Updated | Dec 05 22 |
| Total Articles | 7 |
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respiratory syndrome and infectious disease in humans, caused by SARS coronavirus 2
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China may announce new COVID-19 easing measures on Wednesday: Report: China may announce new COVID-19 easing measures on Wednesday: Report
wionews.com/world/china-may-announce-10-new-covid-19-measures-on-wednesday-report-540225
China set to announce 10 new Covid measures on Wednesday: Report | Mint: The measures will supplement the 20 measures unveiled in November that triggered massive ...
livemint.com/news/world/china-set-to-announce-10-new-covid-measures-on-wednesday-report-11670229290964.html
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China may announce new COVID-19 easing measures on Wednesday: Report: China may announce new COVID-19 easing measures on Wednesday: Report
wionews.com/world/china-may-announce-10-new-covid-19-measures-on-wednesday-report-540225
China set to announce 10 new Covid measures on Wednesday: Report | Mint: The measures will supplement the 20 measures unveiled in November that triggered massive ...
livemint.com/news/world/china-set-to-announce-10-new-covid-measures-on-wednesday-report-11670229290964.html
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
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Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
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Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
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Paid articlePaid China Reiterates Need for Steady Yuan (CNY USD) as Dollar Strengthens: China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar ...
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Long Covid blood clues could prompt future trials: The UK's largest study of Covid patients treated in hospital found signs of active inflammation.
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China’s Growing Plastics Dominance Is Squeezing Out Asian Rivals: China’s rapidly expanding petrochemicals industry is making life increasingly difficult for ...
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Paid articlePaid Tesla to cut 10% of global workforce: About 14,000 jobs set to go as brutal price war and EV slowdown hit US automaker
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Paid articlePaidQuick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
- Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.
- Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.
- The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.
- Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
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IMF Warns Surge in U.S., China Debt Could Have ‘Profound’ Impact on Global Economy
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China Extends Clean-Tech Dominance Over US Despite Biden's IRA Blueprint: There are fresh warning signs for American supply chains in solar ...
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Five Things You Need to Know to Start Your Day: Asia: Good morning. US stocks suffer longest losing streak since January. Russia and China seen dialing back ...
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Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
China’s Rising Youth Unemployment Needs Attention, Official Says: China’s rising youth unemployment rate needs more scrutiny, a government official warned ...
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Paid articlePaid China’s Big Data Release to Show If Economy Rebounded
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EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
New LME Russia Metals Sanctions to Drive Sales to China: US and UK sanctions on Russian metals will cement China as Moscow’s buyer of last resort for key ...
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Paid articlePaid What China Economists Are Watching to Gauge If Economic Rebound is Real: The world’s second-largest economy started the year on solid footing ...
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“They are cheating”: US President Biden wants to increase tariffs on Chinese steel
spiegel.de/wirtschaft/unternehmen/dumpingvorwuerfe-an-china-us-praesident-joe-biden-will-zoelle-auf-stahl-erhoehen-a-19a45d4c-627a-453c-9413-ec63e1d619d2
Quick Glance: Trump Narrows Gap with Young Voters, Biden's Lead Shrinks - Survey Results
- A new poll shows that former President Donald Trump continues to reduce his deficit with young voters compared to President Joe Biden.
- In the Harvard Youth Poll released on Thursday, Biden leads among 18- to 29-year-olds with 45 percent compared to 37 percent for Trump, while 16 percent are undecided.
- Biden holds a significant lead among likely voters who are non-white or female. He outperforms Trump by 47 points among college graduates and by 23 points among students.
- The survey also indicates that Trump's younger supporters are much more enthusiastic about the former president than their peers who support Biden, and that Biden's approval rating among young adults is only at 31 percent.
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Japan’s China Reckoning: Why Tokyo Must Strengthen Its Ties to Democratic Allies: Why Tokyo must strengthen its ties to democratic allies.
foreignaffairs.com/china/japans-china-reckoning
Paid articlePaidQuick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
The West says China makes too much. Its workers disagree: Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its ...
bbc.com/news/world-asia-china-68838219
China Consumer Price Gains Fade With Industry Stuck in Deflation: China’s consumer prices barely increased from a year earlier last month and industrial prices ...
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Apple might start making iPhones in Indonesia, CEO Tim Cook says: Apple's chief executive met with Indonesia's president as the company continues a manufacturing ...
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Five Things You Need to Know to Start Your Day: Asia: Good morning. Tensions simmer in the Middle East. US stocks fall below key threshold ...
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China's Q1 GDP grows faster than expected on policy support: China's economy grew faster-than-expected in the first quarter, data showed on Tuesday ...
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China foreign ministry welcomes Blinken's visit to China as tensions simmer: China's foreign ministry on Thursday welcomed U.S. Secretary of State Antony ...
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The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
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China’s Credit Expansion Keeps Slowing as Loans Disappoint: China’s credit expansion continued to slow in March and banks extended less loans than expected ...
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Paid articlePaid China economy grows faster than expected in first quarter: Official figures also highlighted the challenges faced by the country's crisis-hit property sector.
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China’s better economic growth hides reasons to worry: The country’s leaders are too complacent about deflation
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Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
China exports decline by 7.5%, far more than forecast: BEIJING -- China's exports in March decelerated sharply after four months of growth ...
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Why it’s China’s turn now: In the second half of the 20th century, scholars and macrohistorians like Alvin Toffler, Francis Fukuyama and Paul Kennedy developed ...
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Supply Chain Latest: Resilience of US Economy: The US economy seems to be weathering the recent spate of supply disruptions with few signs that worrisome ...
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IMF tells Asian central banks not to follow Fed too closely: The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation ...
reuters.com/markets/imf-tells-asian-central-banks-not-follow-fed-too-closely-2024-04-18/
At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
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Oil prices dip as demand concerns outweigh Middle East supply fears: Oil prices eased in early trade on Wednesday as worries about global demand due to weak ...
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And Scholz smiles painfully: The chancellor in China: three bitter insights: It's good that Chancellor Olaf Scholz traveled to China. Unfortunately ...
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Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
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‘Perfect landing spot.’ Apple plans to spend more in Vietnam as it looks beyond China
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China's Q1 GDP growth surpassed expectations, data shows: China's economy grew faster than it was forecast in the first quarter, data released on Tuesday ...
foxbusiness.com/economy/chinas-q1-gdp-growth-surpassed-expectations-data-shows
Chinese spies target Dutch industries to strengthen military, intelligence agency says
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ABB shares hit record high after Swiss engineering group's confident start to 2024
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NHS rolls out new variant Covid vaccine as virus kills 100 a week: The new vaccination project started this week with jabs between now and June
walesonline.co.uk/news/uk-news/nhs-rolls-out-new-variant-29011917
ADB Says Developing Asia Set for Growth as China’s Economy Slows: Much of developing Asia outside of China is poised for expansion in the next two years as ...
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Paid articlePaidQuick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Lula Reunites With Billionaire JBS Brothers as Brazil’s China Ties Deepen: The billionaire Batista brothers’ stunning comeback is thrusting them into Brazil’s ...
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China is a tale of at least two economies: An optimist will look at China’s latest GDP figures released on Wednesday and argue they signal that the best of times ...
reut.rs/4aMeiw2
India’s Economic Growth is Speeding Up While China’s is Slowing: On today’s Big Take Podcast: India wants to overtake China as the world’s fastest-growing ...
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Paid articlePaid China is moving towards full monetary independence: The country needs to inflate away its high debt burden
ft.com/content/9f400538-645f-4c80-b206-0de6c51dc75f
Trump megadonor John Paulson warns against ‘decoupling’ from China: Hedge fund billionaire is considered possible pick for Treasury secretary
ft.com/content/5a4cb6e6-61a9-47be-ad2f-894e155d58df
No Substitute for Victory: America’s Competition With China Must Be Won, Not Managed
foreignaffairs.com/united-states/no-substitute-victory-pottinger-gallagher
Paid articlePaid China's iron ore imports rise as inventories build: Russell: (The opinions expressed here are those of the author, a columnist for Reuters.)
reuters.com/world/china/chinas-iron-ore-imports-rise-inventories-build-russell-2024-04-16/
China's Q1 GDP growth likely to slow, more stimulus on the cards: China's economy is expected to have slowed in the first quarter as a protracted property ...
reuters.com/world/china/chinas-q1-gdp-growth-likely-slow-more-stimulus-cards-2024-04-15/
Humble China street vendor makes sacrifices to support academically gifted daughters who gain PhD and master’s degree
scmp.com/news/people-culture/trending-china/article/3256292/humble-china-street-vendor-makes-sacrifices-support-academically-gifted-daughters-who-gain-phd-and
Janet Yellen says US taken ‘major steps’ to stabilise ties with China: Treasury secretary says relations on ‘stronger footing’ after six-day visit
ft.com/content/27f72b5c-d47e-456b-b468-3096aab1b494
Quick Glance: China and U.S. to Engage in Intensive Talks on Economic Balance
- US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.
- Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.
- Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.
- The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
China’s economic growth hits 5.3% | Africanews: The government announced Tuesday that the world's second-largest economy grew at a rate of 5 ...
africanews.com/2024/04/16/chinas-economic-growth-hits-53/
Schindler reaffirms 2024 sales target, but warns of weakness in China: Lift and escalator maker Schindler reiterated its full-year revenue guidance for low ...
reuters.com/business/schindler-posts-q1-order-intake-slightly-above-expectations-2024-04-18/
Covid: Booster jabs offered at Jersey GP surgeries: People eligible for a top-up vaccine can book an appointment for free, Jersey's government says.
bbc.com/news/articles/cw4r1z4llw7o
China: economy needs skilled workers, academics are produced: For two decades, the Chinese authorities have been trying to create a dual training system based on ...
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Iron Ore Heads for 10% Weekly Surge as China Economy Outlook Improves: Iron ore headed for a weekly gain of about 10% on speculation that China’s economy may be ...
bloomberg.com/news/articles/2024-04-12/iron-ore-heads-for-10-weekly-surge-as-china-outlook-improves
Paid articlePaid iPhone sales are plunging. Here’s why: Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
cnn.com/2024/04/15/tech/iphone-sales-plunging/
Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
US-China Tensions Fragmenting Trade and Investment, IMF Finds: The global economy is showing signs of dividing between US- and China-centered blocs ...
bloomberg.com/news/articles/2024-04-08/us-china-tensions-fragmenting-trade-and-investment-imf-finds
Paid articlePaid China Wages Snap Three-Quarter Slide, Signaling Upturn in Labor: Wages offered to new hires in China snapped three quarters of decline in the first three months ...
bloomberg.com/news/articles/2024-04-12/china-wages-snap-three-quarter-slide-signaling-upturn-in-labor
Paid articlePaid
China's GDP grew 5.3% in Q1, beating expectations : China’s economy beat expectations in the first quarter of the year with help from policies and an increase in ...
apnews.com/article/china-gdp-economy-first-quarter-a0743b0982996194c07713c5c701918f
China's March exports and imports shrink, miss forecasts by big margins: China's exports contracted sharply in March while imports unexpectedly shrank ...
reuters.com/markets/asia/chinas-march-exports-imports-shrink-miss-forecasts-by-big-margins-2024-04-12/
LVMH shares rise after luxury giant's Q1 sales offer element of reassurance: LVMH shares rose on Wednesday, after first quarter sales figures from the world's ...
reuters.com/business/retail-consumer/lvmh-shares-rise-after-luxury-giants-q1-sales-offer-element-reassurance-2024-04-17/
House panel says China subsidizes fentanyl production to fuel crisis in the U.S.: A report released Tuesday by a House select committee says China is directly ...
pbs.org/newshour/politics/house-panel-says-china-subsidizes-fentanyl-production-to-fuel-crisis-in-the-u-s
Quick Glance: China's Subsidization of Fentanyl Production Intensifying Crisis in the U.S.
- A report from a special House committee states that China is fueling the Fentanyl crisis in the U.S. directly by subsidizing the manufacturing of materials used by traffickers outside the country to produce the drug.
- The committee found that the Chinese government provides tax rebates for the production of specific Fentanyl precursors and other synthetic drugs as long as they are sold outside of China.
- The report highlights that China not only subsidizes the manufacturing of precursor chemicals but also thwarts investigations into illegal manufacturers by warning the targets when formal requests for assistance are made by U.S. law enforcement.
- Former Attorney General William Barr recommended that the U.S. should leverage its trade and economic power to push for stronger enforcement from Chinese authorities, and victims should take civil actions against companies and individuals involved in distributing the precursors and synthetic drugs.
Biden urged to ban China-made electric vehicles from the US: Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.
bbc.com/news/articles/cyerg64dn97o
China Tells Mid- to High-End Hotels to Accept Foreign Bank Cards: Chinese hotels with three-star ratings or more have been told to accept payments with foreign ...
bloomberg.com/news/articles/2024-04-09/china-tells-mid-to-high-end-hotels-to-accept-foreign-bank-cards
Paid articlePaid
Is China growing tired of Russia’s war in Ukraine?: There are signs that Beijing may be getting cold feet about its deepening entanglement.
aljazeera.com/opinions/2024/4/17/is-china-growing-tired-of-russias-war-in-ukraine
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs as deals slump
channelnewsasia.com/business/morgan-stanley-hsbc-china-cutting-dozens-asia-investment-banking-jobs-layoffs-4271861
A Chinese official meets North Korean leader Kim in Pyongyang in highest-level talks in years
apnews.com/article/china-north-korea-talks-6c2083d7a1d4cdeba6d72b7bc983c59e
Fitch downgrades outlook on China to negative, affirms 'A+' rating: Ratings agency Fitch revised its outlook on China to negative on Tuesday ...
reut.rs/3PYu9iZ
Quick Glance: Fitch lowers China's rating outlook due to economic uncertainty
- Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances arising from the increasing uncertainty in the economy's transition to new growth models.
- The outlook downgrade follows a similar move by Moody's in December and coincides with Beijing's efforts to boost a weak post-COVID recovery in the world's second-largest economy with fiscal and monetary support.
- It is projected that China's explicit central and local government debt will increase to 61.3% of gross domestic product (GDP) in 2024 from 56.1% in 2023 - a significant deterioration from 38.5% in 2019.
- Despite cautious signs of improvement in China's economy, the ratings warning is issued. The planned issuance of treasury bonds indicates Beijing's readiness to take on a greater share of the responsibility in meeting growth targets, while local governments struggle with slower fiscal revenues and subdued land sales.
Stokies can book eighth Covid jab - from today: The Spring Covid vaccination programme starts next week
stokesentinel.co.uk/news/stoke-on-trent-news/stokies-can-book-eighth-covid-9224081
China's federation promises action after half marathon debacle: The Chinese Athletics Association (CAA) has vowed to strengthen the supervision of its ...
reuters.com/sports/athletics/chinas-federation-promises-action-after-half-marathon-debacle-2024-04-17/
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Russia is sure to lose in Ukraine, reckons a Chinese expert on Russia: Feng Yujun says the war has strained Sino-Russian relations
economist.com/by-invitation/2024/04/11/russia-is-sure-to-lose-in-ukraine-reckons-a-chinese-expert-on-russia
Europe trails China and US after ‘monumental’ energy mistakes, IEA chief says: Intervention comes as EU leaders prepare to debate bloc’s economic competitiveness
ft.com/content/5009e314-fc27-4d7f-8e42-9dbede842991
Hong Kong regulators approve launch of spot bitcoin and ether ETFs : Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded ...
cnbc.com/2024/04/15/hong-kong-regulators-approve-spot-bitcoin-and-ether-etfs-.html
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