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☆ China is no longer just any emerging market — it has become its own beast
▼ + stars: | 2022-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China is no longer just another emerging market play. Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. So far, she said, the number of clients excluding China isn't "overwhelming," and by metrics such as per capita GDP the country remains an emerging market. An internal party committee, or office, gathers together a company's employees who are members of the Communist Party of China.

☆ China's Golden Week spending plunges to seven-year low as zero-Covid batters economy
▼ + stars: | 2022-10-10 | by ( Laura He | ) edition.cnn.com time to read: +7 min

The National Day break is one of China’s longest public holidays and usually a peak season for travel and spending. But this year, people were deterred from traveling by a resurgence of the virus and stringent Covid restrictions. All the weak data point to the heavy damage of Beijing’s zero-Covid policy on consumer spending and the economy, said analysts. China’s service sector is a key source of employment, accounting for 48% of total jobs created, according to government data. “Entrepreneurs’ concerns continued to stem from recurring Covid outbreaks and the impact of related controls on the market,” Wang said.

HONG KONG, Oct 10 (Reuters Breakingviews) - China’s lackluster Golden Week holiday this year casts a dark cloud over the economy. Domestic tourism sales during the country’s annual spend-and-travel blitz fell to $40 billion, less than half of pre-pandemic levels. Before the pandemic, domestic tourists splurged some 650 billion yuan ($91 billion) during the 2019 Golden Week – over a quarter more than during the Chinese New Year festival. Overall, domestic trips were just 422 million during Golden Week, down 18% from last year. China’s Golden Week has lost its shine.

☆ China’s Communist Party Congress: What It Means for Business
▼ + stars: | 2022-10-08 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

The main task of China’s ruling elite at the party congress, a gathering that happens once every five years and typically lasts a week, will be to confirm the lineup of China’s leaders. Mr. Xi’s speech will be full of Communist Party ideological jargon and probably very long — his speech at the start of the last party congress, in 2017, lasted more than three hours. Domestic Ideology: ‘Common Prosperity’One of Mr. Xi’s favorite economic policy initiatives in recent months has a simple, innocuous-sounding name: “common prosperity.” The big question lies in what it means. Common prosperity, a longtime goal of the Communist Party, has been defined by Mr. Xi as reining in private capital and narrowing China’s huge disparities in wealth. And Mr. Xi has strongly discouraged speculation in housing, pushing instead for government subsidies for the construction of more rental apartments.

Persons: Xi, tycoons Organizations: Communist Party, Beijing Locations: Shanghai, China

☆ Some Czechs sending 1,968 crowns to Ukraine in memory of 1968 Soviet invasion
▼ + stars: | 2022-08-21 | by ( ) www.reuters.com time to read: +1 min

PRAGUE, Aug 21 (Reuters) - Czech nationals have been sending exactly 1,968 crowns ($80) to Ukraine to help it defend itself against Russia and to commemorate the 1968 invasion of then Czechoslovakia by Soviet-led troops, the Ukrainian embassy said on Sunday. Russia's Feb. 24 invasion of Ukraine, which has killed thousands, forced millions to flee and caused damage worth billions of dollars, enters its seventh month next week. read moreThe Czechs were using a special payment code to donate 1,968 crowns ($80) to an already existing account set up by Ukraine's embassy in the Czech Republic to collect funds. "Even at the weekend, dozens and dozens of payments in the value of 1,968 crowns are arriving to our account, thank you so much, Czech friends!" The troops killed dozens of civilians and the subsequent occupation pushed tens of thousands into exile.

☆ National consensus and division of society. Op-Ed by Victor Pelin
▼ + stars: | 2020-11-09 | by ( ) www.ipn.md time to read: +14 min

National consensus and division of society. Op-Ed by Victor Pelin“The best solution for overcoming societal division and polarization of the political class is to reedit the national consensus stipulated in the Parliament Declaration of March 24, 2005. The national consensus was based on the signing, on February 22, 2005 of the European Union – Republic of Moldova Action Plan (EURMAP). Cooperation of government with civil society within national consensusThe national consensus for achieving the European integration objectives played a decisive role in the government’s willingness to cooperate with civil society. The best solution for overcoming societal division and polarization of the political class is to reedit the national consensus stipulated in the Parliament Declaration of March 24, 2005.

Persons: Victor Pelin “, Ion Chicu, Igor Dodon, Zinaida Grechanyi, Zinaida, Zinaida Grechanyi’s, Mister Nicolae Timofti, Victor Pelin Organizations: European, Party, Communists, European Union, European Union – Republic of, Finance, Economy, Trade, of, National Development Strategy, NDS, European Union countries, Government, Party of Socialists, Alliance for European Integration, Moldova – EU, Russian Federation, “, Russia, EU, Eurasian Economic Union, Helsinki Conference, Moldovan, Socialist Locations: European Union, Republic of Moldova, European Union –, European Union – Republic of Moldova, European, Moldova, Russia, Belarus, Kazakhstan, Crimea, Russian, Moldovan, Ukraine, Romania, U.S

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