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Search resuls for: "Beijing didn't"


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China's economy has struggled to regain post-pandemic traction. But Beijing hasn't conceded its economy is in trouble, which could be holding it back from fixing structural issues, says the Rhodium Group. Rhodium Group's researchers aren't quite sure about the rosy narrative of China's economy, calling it a "politicized picture of economic activity." After all, China's economy struggled to regain traction after a brief spurt post-pandemic, disappointing investors. By the second half of the year, confidence had broken down entirely," wrote the Rhodium Group researchers.
Persons: underscoring, Beijing hasn't, , Daniel H, Rosen, Rachel Lietzow, Lietzow, Xi Jinping, haven't Organizations: Stock, Beijing, Service, White, National Economic Council, National Security Council Locations: China, New York, Beijing
The economist who coined the "BRIC" acronym said the currency idea seemed "crazy." The bloc is helmed by the major emerging nations of Brazil, Russia, India, China, and South Africa. It also appears that it's just Russia and Brazil that have really pushed for a BRICS common currency. But even if a BRICS currency comes to pass, its use could be limited. AdvertisementAdvertisementPrakash said a BRICS currency would be used in "very narrow and vertical settings, or for BRICS projects."
Persons: , Washington, Joseph Sullivan —, There's, Jim O'Neill, Goldman Sachs, O'Neill, Xi Jinping, Narendra Modi, Xi, didn't, Li Qiang, Liu Pengyu, Modi, Liu, there's, Abishur Prakash, it's, China hasn't, Palit, Prakash Organizations: Service, White House, Indian, Monetary Fund, China's, UN, China, Institute of South Asian Studies, National University of Singapore, Affairs Ministry Locations: China, India, Russia, Ukraine, Brazil, South Africa, Europe, Africa, Beijing, New Delhi, Johannesburg, China's Washington, DC, BRICS
A truck carrying iron ore moves along a road at the Fortescue Metals Christmas Creek iron ore mine located south of Port Hedland in the Pilbara region of Western Australia, November 17, 2015. But it's worth noting that China's two main imports from Australia, iron ore and liquefied natural gas (LNG), were left untouched throughout the dispute. China gets about 70% of its iron ore from Australia and about one-third of its LNG, some of it under a low, fixed-price contract signed two decades ago. But overall it would seem that the ending of Beijing's trade actions against Australia will be net positive for both countries. This suggests Beijing didn't learn the lessons from the trade tariffs imposed on it by the U.S. administration of former president Donald Trump.
Persons: Jim Regan, hadn't, Beijing didn't, Donald Trump, Trump, Sonali Paul Organizations: Fortescue, REUTERS, China's Ministry of Commerce, Australia, Labor Party, Liberal, National, Labor, Canberra, Beijing, Reuters, Thomson Locations: Port Hedland, Pilbara, Western Australia, LAUNCESTON, Australia, China, China's, Beijing, Canberra, Indonesia, Russia, United States, India, Vietnam, U.S, Ukraine
A Chinese spy balloon was detected over the US, the Department of Defense said. Experts say spy balloons can do things satellites can't, and China may have wanted to get caught. The balloon, the Pentagon said, was "most certainly" sent by China to spy on the US. What is the Chinese spy balloon? A spy balloon is a balloon with any kind of surveillance equipment is attached.
Handout via REUTERSBEIJING, Oct 13 (Reuters) - Jack Yao, a Chinese Communist Party member, never wanted to be an activist. It offers a glimpse of the lengths some frustrated citizens will go to in taking on the world's most powerful security state. China's Ministry of Public Security, the Henan and Anhui local governments, and police departments in those provinces and Beijing didn't respond to requests for comment for this article. Chinese authorities say social stability is the foundation for a prosperous future and dismiss human rights complaints as Western propaganda and interference in internal affairs. Protesters chanted: "Henan banks, give us back our deposits."
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