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Edgar Su | ReutersBEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus. China's economic policy is typically set at an annual meeting in December by leaders within the ruling Communist Party of China. GDP and other economic targetsThe Chinese People's Political Consultative Conference, an advisory body, is set to kick off its annual meeting on Monday. "On balance, the additional fiscal impulse this year, assuming a bazooka-like fiscal package is not forthcoming, is unlikely to be particularly large." China's foreign minister and premier typically hold press conferences during the parliamentary meetings, which generally end in mid-March.
Persons: Edgar Su, Wang Jun, Wang, Zong Liang, Louise Loo, Loo, Goldman Sachs, Bank of China's Zong Organizations: of, Initiative, Reuters, Huatai Asset Management, CNBC, Communist Party of China, U.S, Political Consultative Conference, National People's, Oxford Economics, Industry, Information Technology, Science, Technology, Housing, Bank of, Communist Party's, Communist Party of Locations: Beijing, China, Reuters BEIJING, U.S . Federal, RMB3.8tn, Bank of China's
Edgar Su | ReutersBEIJING — China is beefing up national security measures by expanding its protections of state secrets to include a broad category of "work secrets." The new rules, set to take effect May 1, describe how precautions taken for state secrets should also apply to unclassified information known as work secrets. "There is a risk that individual departments will overzealously identify matters as 'work secrets,'" Daum said. He also founded the website China Law Translate, which published an unofficial English translation of the new rules. Growing national security concernsThe updated state secrets law comes as Beijing and Washington increasingly cite national security risks when announcing new restrictions for business.
Persons: Edgar Su, Xi Jinping, Jeremy Daum, Yale Law School's Paul Tsai, Daum, Jeremy Daum Yale Law School's Paul Tsai, Gabriel Wildau Organizations: of, Initiative, Reuters, Yale Law, Yale Law School's Paul Tsai China Center, China, Jeremy Daum Yale Law, Jeremy Daum Yale Law School's Paul Tsai China Locations: Beijing, China, Reuters BEIJING, Washington
China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.
Persons: Cindy Koh, Shukor Yusof, , Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian
CNN —Carlos Alcaraz’s quest for a third grand slam title came to an end on Wednesday after the Spaniard was beaten by Alex Zverev in a four-set thriller at the Australian Open. Zverev eventually got the better of his opponent after three hours and five minutes of stunning tennis, winning 6-1 6-3 6-7(2-7) 6-4 to reach his second Australian Open semifinal. Zverev burst out of the blocks and quickly opened up a two sets to love lead. Sure enough, Zverev impressively put the disappointment of the third set behind him and broke Alcaraz with the world No. Edgar Su/ReutersWith Alcaraz out of the picture, Djokovic now no longer has to face the one player that most predicted would pose the biggest threat to his Australian Open reign.
Persons: CNN — Carlos Alcaraz’s, Alex Zverev, Zverev, Alcaraz, Dominic Thiem, “ I’m, he’s, ” Zverev, “ He’s, “ It’s, it’s, didn’t, ” Alcaraz, Edgar Su, Djokovic, Daniil Medvedev, Medvedev, Poland’s Hubert Hurkacz Organizations: CNN, Reuters, November’s ATP
CNN —Naomi Osaka’s return to grand slam tennis ended in a first-round defeat against Caroline Garcia at the Australian Open. Osaka, a two-time champion in Melbourne, was competing in her first grand slam tournament in more than a year when she fell to Garcia 6-4 7-6(7-2) on Monday. But the 30-year-old Garcia produced an assured performance against the four-time grand slam champion, hitting 13 aces – including two in the second-set tie-break – and 34 winners. This was Osaka's first grand slam appearance since the US Open in 2022. Phil Walter/Getty ImagesPrior to the Australian Open, Osaka marked her return to tennis with a victory against Germany’s Tamara Korpatsch.
Persons: Naomi Osaka’s, Caroline Garcia, Garcia, Rod Laver, Osaka’s, Edgar Su, ” Osaka, Magdalena Fręch, Phil Walter, Germany’s Tamara Korpatsch, Karolína Plíšková, Organizations: CNN, Rod Laver Arena, Osaka, Reuters, Getty, Australian, Brisbane International Locations: Osaka, Melbourne, Polish, Czech,
AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.
Persons: , Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur
Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.
Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia
Sudan refugees detail second wave of ethnic purge by Arab forces
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +16 min
After seizing swathes of Khartoum, it has forced retreats by the Sudanese army in parts of the Darfur and Kordofan regions. When they were ambushed by Arab militiamen and came under fire along the route, the vehicle’s occupants scattered. In return, the Arab forces would guarantee the safety of the camp’s occupants and allow safe passage out of El Geneina for those who wanted to leave. He said he watched the Arab forces from his hiding place behind a wall at his home. Multiple eyewitnesses said that RSF and Arab militia forces rounded up hundreds of Masalit men, some of whom were executed.
Persons: Ardamata, Josep Borrell, , Mohamed Hamdan Dagalo, Dagalo, Abdullah Omar Abdullah, Al Fadhl Abdullah, Khamis Hassan, ” Ibrahim Youssef, , Youssef, Gamareldin Mohammed, Mohammed Ahmed Goma, ” Goma, Goma, Abdelrahim Hamdan Dagalo, Abdul Rahman Juma, ” Dagalo, RSF, El Geneina, Hussein Fayez, Hassan, Hussein, Yassin Ahmed, Abdu Mohammed Ibrahim, Ibrahim, Reuters couldn’t, Adam Mohammed, Mohammed, Ibrahim Youssef, didn’t, Ben Lesser, Grant Smith, Maggie Michael, Ryan McNeill, Mohammad Kawoosa, Han Huang, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: UNICEF, United Nations, European Union, UNHCR, Diplomats, South, Sudanese, Sudanese Alliance, Army, Reuters, Planet Labs Locations: El, Chad, El Geneina, Darfur, Adre, Chad’s, Sudan, Ardamata, , West Darfur, Khartoum, Sudanese, Kordofan, Nyala, Port Sudan, South Sudan, U.S, Al Mashtal, El Geneina’s, New York
REUTERS/Edgar Su/File Photo Acquire Licensing RightsNov 14 (Reuters) - Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. EV sales in China, the world's largest auto market, increased 29% year-to-date in September. The global EV market showed 34% growth in the same period. "This (subsidies) is an important factor in the German market as nearly two-thirds of passenger car registrations are commercial," the market research firm said. EV sales in North America were up 78% so far this year.
Persons: Edgar Su, Tesla, Mercedes Benz, Arsheeya, Paul Lienert, Shounak Dasgupta Organizations: REUTERS, Rho Motion, EV, Rho, Volkswagen, Cox Automotive, Thomson Locations: Singapore, China, Germany, North America, American, Bengaluru, Detroit
Even though rate hikes since last year have boosted interest incomes and margins at Australian banks, rising cost of repayments has intensified competition in the home loan market, capping profit margins and hindering credit growth. Australia's biggest lender said cash net profit after tax was A$2.50 billion ($1.59 billion) for the quarter ended Sept. 30, same as the year earlier. CBA dominates Australia's A$2 trillion mortgage industry, which benefited from a property boom through COVID-19 restrictions. That had prompted Australia's "Big Four" banks to start offering cash payments for mortgage refinancing to lure borrowers. CBA's rivals National Australia Bank (NAB.AX), Westpac (WBC.AX) and ANZ Group (ANZ.AX) all posted higher annual profit earlier this month despite inflationary headwinds.
Persons: Edgar Su, CBA's, Matt Comyn, Australia's, Himanshi, Shilpi Majumdar Organizations: Commonwealth Bank of Australia, REUTERS, Commonwealth Bank of Australia's, Citi, CBA, National Australia Bank, Westpac, ANZ Group, Thomson Locations: Sydney, Australia, Australia's, COVID, Bengaluru
Aussie 'big four' banks hike home loan rates after RBA decision
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
People use Commonwealth Bank of Australia (CBA) bank ATMs in Sydney, Australia May 3, 2018. The National Australia Bank (NAB.AX), ANZ Group Holdings (ANZ.AX) and Westpac Banking Corp (WBC.AX), the other three of Australia's "big four", had hiked their home loan rates on Wednesday by 0.25%. The rate hike by the National Australia Bank (NAB.AX) and ANZ Group Holdings (ANZ.AX) would be effective from Nov. 17, while Westpac Banking Corp (WBC.AX) would raise rates from Nov. 21, the lenders said in separate statements on Wednesday. CBA said its home loan variable rate change would be effective from Nov. 17. Reporting by Rishav Chatterjee and Upasana Singh in Bengaluru; Editing by Savio D'Souza and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Edgar Su, Rishav Chatterjee, Upasana Singh, Savio D'Souza, Rashmi Organizations: Commonwealth Bank of Australia, REUTERS, Thursday, National Australia Bank, ANZ Group Holdings, Westpac Banking Corp, Reserve Bank of Australia, Wednesday, CBA, Thomson Locations: Sydney, Australia, Bengaluru
Indonesia president breaks ground on airport in new capital
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +1 min
Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget.
Persons: Joko Widodo, Edgar Su, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .
Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesian President Joko Widodo broke ground on Wednesday for construction of several projects ranging from an airport, toll-road and hospital to a hotel in a planned new capital city, Nusantara. The 347-hectare (857-acre) airport is expected to be fully operational by December 2024, the president said, at a total cost of 4.2 trillion rupiah ($263 million). The government targets the second half of 2024 for an international hospital, built by Indonesian hospital chain Mayapada (SRAJ.JK), to become operational. The president said he would break ground on nine projects in December, but gave no details.
Persons: Joko Widodo, Edgar Su, Jokowi, Pakuwon, Agung, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor, Clarence Fernandez Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Jakarta, Indonesia, Borneo, Balikpapan, Indonesian
CNN —You’ve seen them on TikTok and on Instagram: people flying on the new generation of long-haul, low-cost airlines where the fares sound too good to be true. By and large, long-haul, low-cost airlines focus on four specific markets: transatlantic, transpacific, southeast Asia and Australia. With a home base at Narita international airport, Zipair Tokyo is Japan Airlines' low-cost arm. Yoshio Tsunoda/AFLO/ShutterstockHome base: Tokyo (Narita, the airport an hour away from the city)Notable routes: Honolulu, LA, SF, San Jose (CA)Flies: Boeing 787sWhat you need to know: This is Japan Airlines’ low-cost arm. Scoot is Singapore Airlines' low-cost arm.
Persons: CNN — You’ve, ” you’ll, Markus Mainka, Pawel Gradek, Yoshio Tsunoda, Edgar Su, Organizations: CNN, Boeing, Airbus, That’s, AirAsia X, Buenos Aires, British Airways, Aer Lingus, Atlantic, Atlantic Airways, Air Premia, Premia, Narita, Japan Airlines, Japan Airlines ’, Singapore Airlines, Reuters, Singapore Airlines ’, Qantas, Getty, Jetstar, London, AirAsia Locations: New York, Paris, Asia, Australia, Paris Orly, Orly, LA, Miami, NY, France, Barcelona, Boston, Buenos, Santiago de Chile, IAG, Iberia, Aer, Oslo, London, Gatwick, Berlin, Rome, Chicago, Orlando, Seoul, Incheon, Honolulu , LA, Newark, Frankfurt, Tokyo, Japan, Narita, Jose, Scoot, Singapore, Athens, New Zealand, Southeast Asia, AFP, Honolulu, Kuala Lumpur
Flights in China to increase 34% above pre-pandemic levels
  + stars: | 2023-10-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Edgar Su/File Photo Acquire Licensing RightsBEIJING, Oct 28 (Reuters) - China's aviation regulator said it will increase domestic flights to 34% above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines. There will be 96,651 domestic flights a week, or 34% higher than the same period four years ago, with 7,202 new weekly flights brought on by the opening of 516 new domestic routes. The increase in domestic flights focuses on connections between regional and hub airports like Shanghai, Beijing and Guangzhou, the regulator said. In the next five months there will be 16,680 weekly flights, with passenger flights expected to reach 71% of the total four years ago. Flights to and from 22 countries, including Britain and Italy, have neared or overtaken pre-pandemic levels, the regulator said.
Persons: Edgar Su, Eduardo Baptista, William Mallard Organizations: REUTERS, Rights, Civil Aviation Administration, CAAC, Thomson Locations: Air China, Beijing, China, Rights BEIJING, Shanghai, Guangzhou, Britain, Italy, United States
FILE PHOTO: Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum (BRF) to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su/File Photo Reuters
Persons: Xi Jinping, Edgar Su Organizations: Initiative, of, People, REUTERS Locations: Beijing
Putin, who made the comments in a Kremlin meeting with Russian religious leaders of different faiths, said bloodshed in the region had to stop. "Our task today, our main task, is to stop the bloodshed and violence," said Putin, according to a Kremlin transcript of the meeting. And not only for the Middle East region. It could spill over far beyond the borders of the Middle East." The aim, he said, was to "launch a real wave of chaos and mutual hatred not only in the Middle East but also far beyond its borders.
Persons: Vladimir Putin, Edgar Su, Putin, Israel, Andrew Osborn, Cynthia Osterman Organizations: Initiative, of, People, REUTERS, Hamas, Thomson Locations: Beijing, Gaza, East, Moscow
China's Xi makes first known visit to central bank -sources
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +1 min
Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum (BRF) to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su/File Photo/File Photo Acquire Licensing RightsBEIJING, Oct 24 (Reuters) - Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds. Xi, along with Vice Premier He Lifeng and other government officials, visited the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) in Beijing on Tuesday, the sources told Reuters. The purpose of the visit was not immediately known. The PBOC and SAFE could not be immediately reached for comment outside of business hours.
Persons: Xi Jinping, Edgar Su, Goldman Sachs Organizations: Initiative, of, People, REUTERS, Rights, People's Bank of China, State Administration of Foreign Exchange, Reuters, Capital, Thomson Locations: Beijing, Rights BEIJING, Capital outflows, China
Women react as the national anthem is played during the national remembrance service for victims of the mosque attacks, at Hagley Park in Christchurch, New Zealand March 29, 2019. Armed with high-capacity semi-automatic weapons, Brenton Tarrant, 32, killed 51 people and injured dozens when he opened fire in two mosques on March 15, 2019, in Christchurch. Tarrant released a racist manifesto shortly before the attack and streamed the shootings live on Facebook. Before the first witness appeared, a video was played with photos and memories of all those who died. The start of the inquiry was then dedicated to the events on the day and how emergency services responded.
Persons: Edgar Su, Brenton Tarrant, Tarrant, , Brigitte Windley, Windley, , Lucy Craymer, Stephen Coates Organizations: REUTERS, Rights, Facebook, New, Thomson Locations: Hagley, Christchurch , New Zealand, Australian, Christchurch, New Zealand
China's Xi offers to help Sri Lanka; buy more of its exports
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Edgar Su/File Photo Acquire Licensing RightsBEIJING, Oct 20 (Reuters) - China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said. Wickremesinghe was in the Chinese capital for the Belt and Road Forum that ended on Wednesday as well as talks on restructuring debt. "China is willing to continue to provide assistance to Sri Lanka without attaching political conditions, to help it cope with the difficulties it faces," Xi added. Last May Sri Lanka defaulted on its foreign debt as dollar reserves fell to a point where it was unable to pay for essential imports such as fuel and medicine. "China is willing to expand the import of Sri Lanka's ... products and will encourage Chinese enterprises to invest," Xi said.
Persons: Xi Jinping, Edgar Su, Xi, Ranil Wickremesinghe, Wickremesinghe, Lanka, Joe Cash, Clarence Fernandez Organizations: Initiative, of, People, REUTERS, Rights, Sri, Export, Import Bank of China, Forum, Thomson Locations: Beijing, Rights BEIJING, China, Sri Lanka, Colombo, Hambantota, Sri Lanka's
Farid Ahmed, survivor of the Christchurch shootings where her wife Husna was killed, is joined in prayer with his neighbours, during his visit to offer thanks for their support, in Christchurch, New Zealand, March 24, 2019. REUTERS/Edgar Su/File Photo Acquire Licensing RightsWELLINGTON, Oct 20 (Reuters) - A coroner's inquiry into the death of 51 Muslim worshippers in 2019 in New Zealand’s deadliest shooting will start on Tuesday, hoping to establish what happened after the attack started and make recommendations to prevent deaths in the future. Armed with high-capacity semi-automatic weapons, Australian Brenton Tarrant, 32, killed 51 people and injured dozens when he opened fire on Muslim worshippers on March 15, 2019, in Christchurch. Tarrant released a racist manifesto shortly before the attack and streamed the shootings live on Facebook. A Royal Commission of Inquiry in 2020 found that security agencies were almost exclusively focused on the perceived threat of Islamist terrorism before the massacre.
Persons: Farid Ahmed, Husna, Edgar Su, Brenton Tarrant, Tarrant, ” Tarrant, Lucy Craymer, Christian Schmollinger Organizations: REUTERS, Rights, Facebook, New, Coroners, Royal Commission of, Thomson Locations: Christchurch, Christchurch , New Zealand, New, New Zealand
Toyota to adopt Tesla EV charging standard from 2025
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: 1 min
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo Acquire Licensing RightsOct 19 (Reuters) - Toyota Motor (7203.T), the world's largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla's (TSLA.O) North American Charging Standard (NACS) on its battery-electric vehicles (BEVs) beginning 2025. Reporting by Yuvraj Malik in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Edgar Su, Yuvraj Malik, Devika Organizations: Toyota, Tokyo, REUTERS, Thomson Locations: Tokyo, Japan, Bengaluru
[1/5] A view of the residential apartments in Country Garden's Forest City development in Johor Bahru, Malaysia August 16, 2023. The group hired PJT Partners (PJT.N) as financial adviser to lead discussions with Country Garden, two people with knowledge of the matter said. Ratings agency Moody's said on Thursday it could downgrade Country Garden's (2007.HK) 'corporate family rating' if the recovery prospects for its creditors weaken further. Moody's said Country Garden's senior unsecured rating of C was already at the lowest of its rating scale. Country Garden and Frasers did not immediately respond for a request for comment on that sale.
Persons: Edgar Su, PJT, Moody's, Frasers, Houlihan Lokey, Sidley Austin, Yeung Kwok Keung, Yang Huiyan, Yeung, Yang, Cao Jianglin, Garden's, China Evergrande, Scott Murdoch, Xie Yu, Clare Jim, Anousha Sakoui, Liz Lee, Lewis Jackson, Kim Coghill, Christopher Cushing, Jamie Freed, Lincoln, Miral Fahmy, Jane Merriman Organizations: REUTERS, HK, PJT Partners, Garden's, Australian Financial, Reuters, China International Capital Corporation, Finance, HSBC, China National Agricultural Development, SOE, Thomson Locations: Garden's, City, Johor Bahru, Malaysia, China HONG KONG, Garden's Australian, Melbourne, China, Shunde, Guangdong province, Sydney, Hong Kong, London, Beijing, Sydndey
It added that another $4 billion worth of letters of intent was received for new projects and investments in different sectors of the economy. Nigeria also signed contracts with China Harbour Engineering Company for the construction of the Lekki Blue Seaport in Lagos. Shettima met Xi, who asked for the protection of Chinese workers in Nigeria, according to the vice president's office. China had committed to rail projects in Nigeria in the past and to a seaport in Bonny Island in the Niger Delta. China had earlier agreed to provide 85% of the financing for the rail projects.
Persons: Xi Jinping, Edgar Su, Kashim Shettima's, Shettima, Xi, Felix Onuah, Chijioke Ohuocha, Jamie Freed Organizations: Initiative, of, People, REUTERS, Rights, Nigeria's National Agency for Science, Engineering Infrastructure, China Harbour Engineering Company, China Exim Bank, Thomson Locations: Beijing, Rights ABUJA, Nigeria, Africa's, Lagos, China, Bonny Island, Niger, Nigeria's
[1/5] Chinese President Xi Jinping greets Russian President Vladimir Putin as they attend the opening ceremony of the Belt and Road Forum (BRF), to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su Acquire Licensing RightsBEIJING, Oct 18 (Reuters) - Chinese President Xi Jinping warned against decoupling from China as he opened the Belt and Road Initiative (BRI) forum in Beijing on Wednesday, criticizing Western efforts to reduce dependence on the Chinese economy. The trade disruptions of the pandemic years have also added urgency to the desire to limit their dependence on China. WESTERN SCEPTICISMWestern scepticism of Xi's grand plans stems from suspicions over the way it would extend China's global influence, analysts say. Xi is making the Belt and Road smaller and greener, moving away from big-ticket projects like dams to high-tech ones such as digital finance and e-commerce platforms.
Persons: Xi Jinping, Vladimir Putin, Edgar Su, Xi, Putin, BRI, Viktor Orban, Haji Nooruddin Azizi, Azizi, Xi's, Antoni Slodkowski, Simon Cameron, Moore Organizations: Initiative, of, People, REUTERS, Rights, EU, Washington, Thomson Locations: Beijing, Rights BEIJING, China, Asia, Africa, Europe, Tiananmen, Taiwan, Western Europe, Afghanistan, Northern
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