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Taipei CNN —Thousands of mostly young protesters surrounded Taiwan’s legislature late into the night on Tuesday, protesting a push by opposition parties to subject the island’s new leader and his administration to tighter scrutiny from a parliament controlled by lawmakers who favor closer ties to China. Meanwhile, the president would be required to deliver an annual address to the parliament on key policy issues. Yasuyoshi Chiba/AFP/Getty ImagesOn Tuesday, as the parliament resumed its meeting to discuss the bill, protesters gathered outside the Legislative Yuan – Taiwan’s unicameral parliament – from morning until midnight, braving downpours in the afternoon. Lai, 64, a former doctor and vice president, was inaugurated Monday alongside new Vice President Hsiao Bi-khim, who recently served as Taiwan’s top envoy to the United States. Both leaders and their party are openly loathed by Beijing for championing Taiwan’s sovereignty.
Persons: Lai Ching, TPP, Yasuyoshi Chiba, Yuan –, braving, Ricky Li, “ I’m, , Lai, Hsiao Bi, China’s Organizations: Taipei CNN, Democratic Progressive Party, Taiwan’s, Kuomintang, KMT, Taiwan People’s Party, DPP, , Communist Party Locations: Taipei, Taiwan’s, China, Beijing, Taiwan, AFP, United States
Russia has embraced the yuan since its invasion of Ukraine triggered western sanctions. The renminbi is now used to settle 75% of its trade with China and 25% of its transactions with other countries, according to official data. The surge comes in the context of a wider de-dollarization drive, with both Moscow and Beijing trying to undermine the buck. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Before war broke out in Ukraine, they were used to settle 87% of export payments and 67% of import payments.
Persons: , Vladimir Putin, That's Organizations: Service, RBC, Ministry of Economic Development, Reuters, International Monetary Fund Locations: Russia, Ukraine, China, Moscow, Beijing, Brazil, India, South Africa, Middle
China c.bank seen leaving policy loan rate unchanged on Tuesday
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +3 min
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File PhotoSHANGHAI/SINGAPORE, Aug 14 (Reuters) - China's central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. The People's Bank of China (PBOC) last lowered the rate by 10 basis points to 2.65% in June. "We believe more pro-growth policies are warranted to support the economic growth, and further easing in monetary policy can be expected," analysts at BofA Global Research said. They expect a 15-basis-point cut in one-year loan prime rate (LPR) in total in the third quarter of the year.
Persons: Tingshu Wang, Li Hongwei, Zhou, Tom Westbrook, Jacqueline Wong Organizations: People's Bank of China, REUTERS, HSBC, BofA Global Research, July's, Thomson Locations: Beijing, China, SHANGHAI, SINGAPORE, United States, Shanghai, Singapore
The US dollar has dominated global trade and been the leading reserve currency for nearly 80 years. But rival countries – including China and Russia – are trying to change that. But a growing list of countries – including Brazil, China, and Russia – are trying to unseat the greenback. Rival countries China and Russia are spearheading the effort to wean the world off the buck. "There is a lot of inertia in reserve currency status," a team of strategists led by Kamakshya Trivedi said.
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