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☆ Big Chinese cities are making it easier to buy homes to boost depressed property market
▼ + stars: | 2024-05-09 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”

Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing

☆ Ukraine war live updates: Odesa reels from deadly missile attack; 98-year-old walks miles under fire to escape advancing Russians
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russia has targeted the northeastern Ukrainian city of Kharkiv in a missile strike, local officials said Tuesday. Oleh Synehubov, the head of the Kharkiv regional state administration, said on Telegram that two people were killed and six were injured in the strike. "The occupiers hit the city of Kharkiv with two anti-aircraft guns [anti-aircraft guided missiles], the hits to the ground were recorded in the Kyiv district. In one of the residential buildings, the facade and glazing of the windows of the building were damaged," Synehubov said. It's widely believed that Russian forces are aiming to recapture the city of Kharkiv in their forthcoming summer offensive.

Persons: Oleh Synehubov, Synehubov, Ihor Terekhov, Sergei Lavrov, — Holly Ellyatt Organizations: Kharkiv, Russia's Locations: Russia, Ukrainian, Kharkiv, Kyiv, Kholodnohirsky, Moscow

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ China will further enhance capital account opening, FX official says
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +1 min

Xu Zhibin deputy administrator of the State Administration of Foreign Exchange attends a sub-forum during the Boao Forum for Asia Annual Conference 2024 on March 26, 2024. China will make it easier to move capital in and out of the country and promote financial market deregulation, a senior forex regulator said on Friday, as Beijing seeks to woo foreign investors amid heightened geopolitical tensions. "We will steadily push forward two-way capital market opening, and strengthen the connectivity between domestic and overseas financial markets," Xu Zhibin, deputy head of the State Administration of Foreign Exchange (SAFE), said at the annual Boao forum for Asia. "We will expand the variety and scope of investments to attract more investors to invest in China's financial markets." Meanwhile, overseas listings by Chinese companies have slumped, thanks to tighter scrutiny over national and data security by both Chinese and Western governments.

Persons: Xu Zhibin, Xu Organizations: State Administration of Foreign Exchange, Asia Locations: China, Beijing, Asia, U.S

☆ China’s Xi meets American CEOs to boost confidence in world’s second largest economy
▼ + stars: | 2024-03-27 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Foreign direct investment in China has slumped in recent months as a combination of slower growth, regulatory crackdowns, onerous national security legislation and questions about the country’s long-term growth prospects have shaken confidence in the world’s second biggest economy. But global investors remain wary of China’s rising scrutiny of Western companies as well as a structural slowdown. In the first two months of 2024, foreign direct investment (FDI) into the country shrank nearly 20% from a year ago, underscoring weak confidence among global executives. Another gauge of FDI — direct investment liabilities — showed a 82% slump in 2023, according to figures released by the State Administration of Foreign Exchange. China has set this year’s economic growth target at around 5%, the same as last year’s.

Persons: Xi Jinping, Cristiano Amon, Raj Subramaniam, Stephen Schwarzman Organizations: Taipei CNN, Qualcomm, FedEx, Blackstone, of, International Monetary Fund, World Bank, China Development, Commerce Ministry, State Administration of Foreign Exchange, American Chamber of Commerce Locations: China, Hong Kong, Taipei, Beijing, United States

☆ StanChart CEO Winters meets China FX regulator, launches investment banking unit
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +2 min

Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel. "We have confidence in China's continued financial sector opening and economic transition," Winters said. "The inauguration of SCSCL will enhance Standard Chartered's ability to serve clients domestically and internationally, deepening and diversifying our capabilities in China". StanChart started hiring staff in China since 2023 as it geared up to launch the investment banking unit targeting niche bond deals, chairman of the unit said last year. Blackstone's Schwarzman held a meeting on Monday with the chief secretary of Communist Party of China, Cai Qi, a statement from China's Ministry of Foreign Affairs shows.

Persons: Bill Winters, Winters, Zhu Hexin, StanChart, Zhu, China's, StanChart's Winters, Noel Quinn, Blackstone's Schwarzman, Cai Qi, Cai Organizations: China's, Administration of Foreign Exchange, SAFE, Standard Chartered Securities China, China Development, Communist Party of China, China's Ministry of Foreign Affairs Locations: London, China, U.S, Los Angeles

☆ LPR: China makes biggest-ever cut to key mortgage rate to support housing market
▼ + stars: | 2024-02-20 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis. The People’s Bank of China (PBOC) announced Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2% to 3.95%, while keeping the one-year LPR unchanged at 3.45%. The 25 basis point cut to the five-year LPR is the biggest reduction the central bank has made since it revamped its LPR system in 2019. The latest cut was also the first reduction to the five-year LPR since June 2023. “Today’s 25 (basis point) cut to the five-year LPR is clearly aimed at supporting the housing market,” analysts from Capital Economics said in a note on Tuesday.

Persons: “, ” Organizations: Hong Kong CNN, People’s Bank of China, Capital Economics, Zhongrong Trust, State Administration of Foreign Exchange Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen

The law has been activated in the wake of the army’s biggest setbacks since the countrywide conflict erupted after the takeover. The rout inspired resistance forces in other parts of the country to launch their own attacks. The military government’s forces were stretched thin by the recent upsurge in resistance activity. The 2021 military takeover was met by widespread nonviolent protests and civil disobedience. But the confrontations escalated into violence after security forces used deadly force against the protesters, giving birth to organized armed resistance that has spiraled into civil war.

Persons: —, extendable, Aung, Suu Kyi, Zaw Min Tun, ”, Min Tun Organizations: Service Law, State Administration Council, National Unity Government, Frontier Myanmar Locations: BANGKOK, State, Suu, Myanmar, Rakhine, Bangladesh, Maj, Zaw, Yangon

Photos You Should See View All 45 ImagesThe sluggish property market also has dented local government revenue from vital land use sales, adding to public debt. The central bank and State Administration of Financial Supervision issued a list of 17 measures to support the rental housing market, due to take effect on Monday. Most have to do with financial services for leasing, promoting investment in rental housing and improving the financial management of rental properties. The aim is to “support various entities to build, renovate and operate long-term rental housing, and to revitalize existing housing stock, effectively increasing the supply of affordable and commercial rental housing,” it said. Beefing up the rental market would help free up more housing for young people and others who lack the means to purchase apartments.

Persons: China Evergrande, Wang Dongwei, ” Organizations: —, Communist Party, Finance Ministry, Administration, Financial, Housing Locations: BANGKOK, — China, Beijing, Hong Kong, China, China's Guangdong

DETROIT (AP) — Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small. It covers the 2012 through 2023 Model S, the 2016 through 2023 Model X, the 2017 through 2023 Model 3, the 2019 through 2024 Model Y and the 2024 Cybertruck. Tesla has already started releasing the software update, and owners will be notified by letter starting March 30. The recall comes as the agency steps up scrutiny of Tesla vehicles. The recall is due to problems with the automatic steering assist function and applies to 1.6 million imported Tesla Model S, Model X, Model 3 and Model Ys.

Persons: Tesla, BYD Organizations: DETROIT, NHTSA, Administration, Market, Tesla Motors, Tesla Locations: U.S, China, Beijing, Shanghai, BYD

☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

☆ Washington state spent over $700,000 on giant boulders to deter homeless encampments
▼ + stars: | 2024-01-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Washington state spent over $700,000 on boulders to deter homeless camps in some areas. But one official told BI the state first offered shelter to the homeless, and a majority accepted it. The state spent approximately $718,000 on large boulders placed along areas where homeless people had previously congregated and camped, particularly near busy highways. Advertisement"Rocks are being used at very specific locations to prevent re-encampment and that use is quite small relative to the number of encampments we have across the state," Abrudan said. The state placed boulders in areas near the state capital of Olympia and along Interstate 5.

Persons: —, Kris Abrudan, Abrudan Organizations: Service, Washington, Fox, Washington State Department of Transportation Locations: Washington, Seattle, Olympia

☆ Tesla recalls more than 1.6 million cars in China over problems with Autopilot, locks
▼ + stars: | 2024-01-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state regulators announced Friday. Both issues can be repaired through a free over-the-air software update, so drivers do not have to take their vehicles anywhere, regulators said. Additionally, more than 7,500 Model S and Model X cars were recalled over concerns that, during a crash, the noncollision side door will unlock. The safety regulators recalled around 2 million Tesla cars after determining that some of the company's Autopilot features were confusing and too easy to misuse.

Persons: Tesla, Tesla's Organizations: Administration, Market, Traffic Safety Administration, NHTSA, CNBC PRO Locations: Shanghai, China, China's, U.S

☆ Ukraine says two killed, seven injured as Russia shells Kherson
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Debris is scattered inside an apartment after shelling in a residential block in Kherson, Ukraine, in this screengrab taken from a video released on December 3, 2023. Roman Mrochko, head of Kherson city's military administration, said shelling killed two people and injured seven in an area in and around Kherson city. The Kherson military administration said on the Telegram messaging app that shelling of the village of Sadove east of Kherson city killed a 78-year-old man in a private garage, adding, "He died on the spot from the explosive injury." Regional governor Oleksandr Prokudin said the Kherson city shelling killed an elderly woman at a bus stop beside a high-rise building. Prokudin, the Kherson regional governor, said Russian shells also damaged the facades of two nearby hospital buildings, but added that there were no casualties.

Persons: Roman Mrochko, Oleksandr Prokudin, Mrochko, Pavel Polityuk, Elaine Monaghan, Bernadette Baum, Chizu Organizations: Kherson Regional, Administration, Handout, REUTERS Acquire, Rights, Reuters, Thomson Locations: Kherson, Ukraine, Kherson city, Dnipro, Roman, Sadove, Kyiv, Washington

CNN —Almost three years on from its bloody coup, Myanmar’s military junta is facing the biggest threat to its hold on power as it fights wars on multiple fronts across the Southeast Asian nation. Junta airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have killed thousands of civilians to date, including children, and displaced about 2 million people. Stringer/AFP/Getty ImagesCNN has reached out to Myanmar’s military spokesperson for comment on the recent fighting but has not received a response. Stringer/AFP/Getty ImgesIn the jungles of southeast Kayah state, fighting has raged near the state capital Loikaw. Video filmed and published by the Karenni Nationalities Defense Force appears to show Myanmar army soldiers surrendering to rebels at Loikaw University who are filmed treating their injuries.

Persons: ”, Matthew Arnold, ” Arnold, Min Aung, Aung, Suu Kyi, “, Bo Nagar, Stringer, Myint Swe, Chin Shwe Haw, Nan Diya, Lalmalsawma Hnamte, Lin Lin, Ye Myo Hein, May, – “, Karen, Chin state’s Matupi, Tian Junli, Arnold, Myanmar’s, it’s, Suu Organizations: CNN, United Nations, National Unity Government, Junta, Myanmar, UN, Administration Council, Burma National Revolutionary Army, National Liberation Army, Alliance, Myanmar National Democratic Alliance Army, Arakan Army, ”, Getty, Reuters, Loikaw, Karenni Nationalities Defense Force, Loikaw University, Resistance, Burma People’s Liberation Army, Brotherhood Alliance, United States Institute of Peace, Wilson Center, Border Guard Forces, China, Global Times, PLA Southern Theater Command Locations: Myanmar, Myanmar’s, Suu, Yangon, Mandalay, Burma, Namhsan Township, Shan State, AFP, Arakan, China, ”, Shan, Chin, Muse, Rakhine, Pauktaw, Lashio, Kayah, Mizoram, “, Sagaing region, Asia, Kawkareik, Karenni, Sagaing, India, Thailand, Bangladesh

☆ Exclusive: China govt advisers call for steady growth target in 2024, more stimulus
▼ + stars: | 2023-11-22 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

Five of the seven advisers who spoke with Reuters said they favoured a target of around 5%, matching this year's goal. The proposals will be made next month at the ruling Communist Party's annual Central Economic Work Conference that discusses policy plans and the outlook for the world's second-largest economy. "We need to adopt expansionary fiscal and monetary policy to stimulate aggregate demand," Yu Yongding, a government economist who advocates for a growth target of roughly 5%, told Reuters. "We are stepping up fiscal policy support," said another adviser, to make the "difficult" 2024 target "achievable." The stuttering post-COVID recovery has prompted many analysts to call for structural reforms that tilt the drivers of economic growth away from property and infrastructure investment and towards household consumption and market-allocation of resources.

Persons: Yu Yongding, Yu, Guan Tao, Xi Jinping, Kevin Yao, Marius Zaharia Organizations: Reuters, Communist, Economic Work Conference, BOC International, State Administration of Foreign Exchange, Thomson Locations: China, BEIJING, Beijing, outflows, Japan

☆ Exclusive: China to name finance veteran Zhu as new forex chief, sources say
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

The building of State Administration of Foreign Exchange (SAFE) is pictured in Beijing, China, January 11, 2017. Zhu's appointment to lead the State Administration of Foreign Exchange (SAFE) is expected to be announced as soon as this week, said one of the sources. Zhu, 55, would also be named a deputy governor of the People's Bank of China (PBOC), which oversees the foreign exchange regulator, said the source. Zhu will take over the forex regulatory head role from Pan Gongsheng, who has held the post since 2016 and who was named the central bank governor in July. An engineering graduate from the Shanghai University of Finance and Economics, Zhu has also been a deputy central bank governor, and vice governor of Sichuan province in southwestern China.

Persons: Jason Lee, Zhu Hexin, Zhu, Pan Gongsheng, Goldman Sachs, Sumeet Chatterjee, Muralikumar Organizations: Administration of Foreign Exchange, REUTERS, Rights, CITIC Group, State Administration of Foreign Exchange, People's Bank of China, Communist, Reuters, SAFE, Bank of Communications, Bank of China, Shanghai University of Finance, Thomson Locations: Beijing, China, Rights BEIJING, HONG KONG, Sichuan, outflows, Hong Kong

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of countries that had given a go-ahead for the acquisition. Broadcom is paying $61 billion in cash and stock for VMware and taking on $8 billion of its debt, making this one of the biggest technology deals ever. The European Commission, the EU’s executive arm and top antitrust enforcer, cleared the deal after Broadcom made concessions to address its concerns about competition. VMware, which is based in Palo Alto, California, has close relations with every major cloud company and provider, including Amazon, Google and Microsoft.

Persons: Hock Tan, Tan Organizations: JOSE, Broadcom, VMware, Microsoft, Activision, Administration of, European Commission, Amazon, Google, European Union, Symantec, CA Technologies, VMWare Locations: California, San Jose , California, China, Europe, Palo Alto , California, Australia, Brazil, Canada, Israel, Japan, South Africa, South Korea, Taiwan, United Kingdom

☆ Ukraine says Russian troops focusing on Bakhmut in the east
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +4 min

The officials said Ukraine's troops had also achieved some success after crossing to the east bank of the Dnipro River in southern Kherson region. Russia has concentrated on Ukraine's eastern regions after failing to move on Kyiv in the early days after the February 2022 invasion. Volodymyr Fityo, a spokesperson for Ukrainian ground forces, said Russian troops focused attacks on Klishchiivka, a nearby village on heights retaken by Ukrainian forces in September. Russian accounts said Moscow's forces had beaten back more than 30 Ukrainian attacks in and around Bakhmut in the past week. Two drivers were killed when Russian forces shelled a private transport company parking lot in Kherson, regional governor Oleksandr Prokudin said.

Persons: Volodymyr Fityo, Fityo, Serhiy Zgurets, Zgurets, Maksym Morozov, Espreso, Andriy Kovaliov, Oleksandr Prokudin, Serhiy Lysak, Dan Peleschuk, Yuliia, Ron Popeski, Stephen Coates Organizations: Kherson Regional, Administration, Handout, REUTERS, Rights, Russian Defence Ministry, Reuters, Interior Ministry, Thomson Locations: Kherson, Ukraine, Bakhmut, Dnipro, Russia, Kyiv, Donetsk, Ukrainian, Russian, Klishchiivka, Kupiansk, Ukraine's, Avdiivka, Kherson region, Dnipropetrovsk, Nikopol

☆ Civilians caught in the crossfire as fighting escalates between Myanmar military and armed group
▼ + stars: | 2023-11-18 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

CNN —Renewed hostilities between the Myanmar military and ethnic minority armed group the Arakan Army (AA) have spread to various townships in western Myanmar, including Pauktaw, where civilians have been caught in the crossfire as fighting escalates. The renewed fighting has displaced more than 26,000 people in the country’s western Rakhine state since Monday, according to UNOCHA. Myanmar military spokesperson Zaw Min Tun said during a briefing Friday that the Myanmar army and police force had retaken the Pauktaw police station and that the town “was already under control” of the military. Airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have been occurred regularly since 2021 and have killed thousands of civilians to date, including children, according to monitoring groups. “The sick man can’t die peacefully.”

Persons: “, ”, UNOCHA, Zaw Min Tun, Min Aung Hlaing, Nan Diya, Suak, can’t Organizations: CNN, Myanmar, Arakan Army, AA, United Nations Office, Humanitarian Affairs, UN, Army, Myanmar’s, Administration Council, SAC Locations: Myanmar, Pauktaw, Rathedaung, Maungdaw, Rakhine, Arakan

☆ Myanmar junta says facing 'heavy assault' from insurgents in three states
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +4 min

Junta spokesperson Zaw Min Tun said the military was facing "heavy assaults from a significant number of armed rebel soldiers" in Shan State in the northeast, Kayah State in the east and Rakhine State in the west. Zaw Min Tun said some military positions had been evacuated and the insurgents had been using drones to drop hundreds of bombs on military posts. "We are urgently taking measures to protect against drone bomb attacks effectively," the junta spokesperson said late on Wednesday. Western governments have re-imposed sanctions on the Myanmar junta in response to the coup and crackdowns on protests and demanded the release of Suu Kyi and other pro-democracy politicians and activists. The junta spokesperson denounced the group saying it was "destroying" Rakhine State.

Persons: Zaw Min Tun, Tin, Swe, Nobel, Aung, Suu Kyi, General Antonio Guterres, Kanupriya Kapoor, Robert Birsel Organizations: REUTERS, Naypyitaw, Reuters, military's, Administration Council, SAC, Arakan Army, AA, National Defence Force, Thomson Locations: Myanmar, Zokhawthar, Champhai, India's, Mizoram, India, Shan State, Kayah State, Rakhine State, Zaw, Naypyitaw, Suu, Chin State, Rakhine

☆ Ukraine's security service raided a factory in Ukraine making uniforms for the Russian national ski team, report says
▼ + stars: | 2023-11-11 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

A factory in western Ukraine was caught making uniforms for Russia's national ski team. Ukraine's security service said it found a production line for the ski team in Zakarpattia Oblast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA factory in Ukraine was caught making uniforms for Russia's national ski team, Ukraine's Security Service (SBU) said, per The Kyiv Post. The SBU said it had found evidence of a production line for the ski team operating within a factory located in the Zakarpattia Oblast in western Ukraine, per the report.

Persons: —, Viktor Mykyta Organizations: national, Service, Ukraine's Security, Zakarpattia Regional, Kyiv Post, Russian Federation, United Nations Locations: Ukraine, Zakarpattia Oblast, Kyiv, Russia, Poland, Hungary, Romania, Slovakia, Mukachevo

☆ Myanmar president: country at risk of breaking apart due to border violence
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - The president of military-ruled Myanmar has said the country is at risk of breaking apart due to ineffective management of recent violence in its border regions with China. As now is an important time for the State, the entire people need to support Tatmadaw (the military)." In the northeast, the junta has lost control of some border trade towns with China. The Chinese government also confirmed this week that there had been Chinese casualties due to military ordinance going over the border. Reporting by Reuters staff, Writing by Kanupriya Kapoor; Editing by Muralikumar Anantharaman and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanupriya Kapoor, Muralikumar Anantharaman, Michael Perry Organizations: Administration Council, SAC, State, Reuters, Thomson Locations: Myanmar, China

☆ Myanmar President: Country at Risk of Breaking Apart Due to Border Violence
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The president of military-ruled Myanmar has said the country is at risk of breaking apart due to ineffective management of recent violence in its border regions with China. "If the government does not effectively manage the incidents happening in the border region, the country will be split into various parts," Myint Swe, president of the State Administration Council (SAC), told a national defence and security council meeting. As now is an important time for the State, the entire people need to support Tatmadaw (the military)." In the northeast, the junta has lost control of some border trade towns with China. The Chinese government also confirmed this week that there had been Chinese casualties due to military ordinance going over the border.

Persons: Kanupriya Kapoor, Muralikumar Anantharaman, Michael Perry Organizations: Reuters, Administration Council, SAC, State Locations: Myanmar, China

Reuters GraphicsMuch of China's growing rescue lending is denominated in renminbi, the report found, with loans in the Chinese currency overtaking U.S. dollars in 2020. Overdue payments to Chinese lenders have also risen. The arrangement is controversial because it gives China debt seniority, meaning other lenders, including multilateral development banks, could get paid second during any coordinated debt relief. Half of its non-emergency lending in 2021 was syndicated loans, 80% of that alongside Western banks and international financial institutions. Loan commitments to African countries fell from 31% of the total in 2018 to 12% in 2021, while lending to European countries almost quadrupled to 23%.

Persons: Tingshu Wang, AidData, Xi Jinping, —, Mary, Brad Parks, Rachel Savage, Clare Baldwin, Tomasz Janowski Organizations: REUTERS, Rights, Beijing, Initiative, People's Bank of China, State Administration of Foreign Exchange, Mary university, Reuters, Thomson Locations: Beijing, China, Rights JOHANNESBURG, HONG KONG, U.S, Sri Lanka, Zambia, renminbi, Africa

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