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☆ Indian economy regains its swagger as China stumbles
▼ + stars: | 2023-11-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India’s economy is like an elephant. India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. “India’s economy is comfortably placed to grow at an annual rate of at least 6% in the coming few years,” Barclays said. But even as India’s heft is increasing, it is far from recreating the economic miracle China unleashed decades ago. It will, no doubt — though it won’t be enough to shield the world economy should China’s economy stumble badly,” they added.

Persons: Narendra Modi, ”, Eswar Prasad, Modi, Prasad, Ludovic Marin, Mukesh Ambani’s, Gautam Adani’s, Willy Shih, Frederic Neumann, Justin Feng Organizations: New, New Delhi CNN, Economic, Cornell University, International Monetary Fund, China, Barclays, IMF, ” Barclays, Hindustan Times, Modi, bonanza, Unified, Bharat, Getty, Bank, Mukesh Ambani’s Reliance Industries, Apple, Harvard Business School, HSBC Locations: New Delhi, India, Switzerland, Davos, ”, ’, China, ” New Delhi, Sewri, Mumbai Bhushan, AFP, Beijing, Washington

China's delegate to the meeting, Vice Minister of Science and Technology Wu Zhaohui, was present on Thursday, his ministry said on Friday. The Chinese technology ministry declined to say why China did not agree to the proposal, which was about AI model testing. British Prime Minister Rishi Sunak chaired Thursday's meeting that comprised "a small group of like-minded senior representatives from governments around the world", Britain said, including the U.S. vice president and the EC president. Some British lawmakers had criticised China's participation in the inaugural AI summit. Sunak told reporters: "Some said we shouldn't even invite China, others said we would never get an agreement with them.

Persons: Ursula von der Leyen, Kamala Harris, Rishi Sunak, Giorgia Meloni, Antonio Guterres, Yoshua Bengio, Mila, Microsoft Brad, Technology Wu Zhaohui, Wu, Oliver Dowden, Sunak, Paul Sandle, Brenda Goh, Alistair Smout, Cynthia Osterman Organizations: Italy's, UN, Quebec AI Institute, Microsoft, Safety, Science, Technology, Bloomberg, U.S, European Union, Thomson Locations: British, SHANGHAI, LONDON, China, Britain, Beijing, Bletchley Park, England, United States, Bletchley, London, Shanghai

☆ Western companies are at risk of losing the biggest market race of all to China: Op-ed
▼ + stars: | 2023-10-31 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +6 min

In fact, it's well past the point when CEOs should have started recalibrating their approach to China. But when it comes to de-risking, there is now the risk it's one more race where we risk falling behind to China. There's a limited window available for foreign businesses in China's market to de-risk in a way that protects their shareholders' interests. On multiple occasions, we've witnessed foreign companies get this calculus and timing wrong. These examples underscore the risk of underestimating the complexities of the Chinese market and losing ground to local competitors over time.

Persons: Joe Biden, Xi Jinping, SAUL LOEB, Trump's, Xi Jinping's, There's, we've, Didi Chuxing Organizations: AFP, Getty, U.S, U.S ., Baidu, Huawei's Locations: Nusa Dua, Bali, China, U.S, China's

Overall, China's 2023 imports are likely to reach around 12 million tons, two Singapore-based traders said, topping 2022's record 9.96 million tons, and the avid buying is expected to continue into 2024. read moreBeijing has not provided a crop quality assessment. MORE TO COMEChina's January-September wheat imports jumped 53.6% to 10.17 million metric tons, customs data showed, including 6.4 million tons from Australia and 1.8 million tons from Canada. Chinese wheat purchases have stabilised global wheat prices, one of the Singapore traders said. Given lower output in Australia, traders and analysts said China is likely to import significantly higher volumes of French wheat in the coming months.

Persons: China's, Muyuan, Stefan Meyer, Ma Wenfeng, Price, Rosa Wang, Jeffrey McPike, Naveen Thukral, Dominique Patton, Peter Hobson, Gus Trompiz, Julie Ingwersen, Tony Munroe, Simon Cameron, Moore Organizations: Traders, Russia, Reuters, El, Beijing Orient, Shanghai JC Intelligence Co, U.S, WASDEA Commodities, Thomson Locations: China, SINGAPORE, BEIJING, Chicago, Singapore, Australia, Beijing, Sydney, StoneX, Canada, Indonesia, Japan, North America, U.S, Canberra, Paris

☆ Educated Gen Zers in China are choosing not to work. It could be a problem for the US economy.
▼ + stars: | 2023-10-29 | by ( Ayelet Sheffey | Huileng Tan | ) www.businessinsider.com time to read: +8 min

Youth unemployment in China hit a record high of 21% in May. It's a problem not only for China's economy — it could hurt the US, as well. China's economy is on shaky ground as it emerges from very strict lockdown pandemic measures. That's compared to the US youth unemployment rate of 7.4% in May. "The stakes are high for correcting these imbalances, given how important the youth population is to China's economy," the note said.

Persons: There's, —, China —, it's, China's, China — Benn Steil, Steil, Victoria University of Wellington Christian Yao, Alfred Wu, National University of Singapore's Lee, Wu, Goldman Sachs, they're, it'll Organizations: Service, Trade, National Bureau of Statistics, Weibo, China, Council, Foreign Relations, Victoria University of Wellington, China Macroeconomy, New York Times, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, NBC News Locations: China, decouple, Japan, United States

☆ The World Is Becoming More African
▼ + stars: | 2023-10-28 | by ( Declan Walsh | Hannah Reyes Morales | ) www.nytimes.com time to read: +37 min

Old World Young Africa As the world grays, Africa blooms with youth. The World Is Becoming More African Part one of a series on how the youth boom is changing the continent, and beyond. But while a handful of African countries are poised to ride the demographic wave, others risk being swamped by it. In the West, racists and right-wing nationalists stoke fears of African population growth to justify hatred, or even violence. The age gap between geriatric leaders and restless youth is “a major source of tension” in many African countries, said Simon Mulongo, a former African Union diplomat from Uganda.

Persons: Lauren Leatherby, ”, Jean, Patrick Niambé, Hilton, Edward Paice, “, Keziah Keya, Keya, Paul R, Ehrlich, stoke, Lauren Leatherby “, Carlos Lopes, Burna, Weeks, “ It’s, Laolu Senbanjo, Tems, Toulaye Sy, Pritzker, Abdulrazak Gurnah, “ Africa’s, ” Long, exotica, Mulendema, Hannah O’Leary, “ We’re, Sipho Dlamini, Dlamini, Moawad, Optimists, Mo Ibrahim, Aubrey Hruby, birthrates, India’s, China’s, Akinwumi Adesina, States —, William Ruto, Paul Biya of, Biya, Wole Soyinka, Paul Kagame of, Nourdine, Nigeriens, Awade, Ali Bongo Ondimba, Simon Mulongo, Nuha Abdelgadir, Abdelgadir, gesturing, “ We’ve, ” Weeks, Abdelgadir’s, Modu Ali, Young, Saidu, Habiba Mohammed, Ms, Ha, Joon Chang, Nobody, Chang, Ibrahim, Touré Organizations: Young, United Nations, Southern, Northern, Western Asia Northern, United, Ivory Coast, African Union, Group, European Union ., Suisse, Africa Research Institute, Nigeria Mozambique Kenya “, Russia Canada Germany United, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia Dem, Russia Germany, China Egypt India Nigeria D.R.C, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Dem, Bank, Nations, International, Bryn Mawr College, Angola, Angola Ivory Coast, Angola Ivory Coast Cameroon Dem, Africa Middle Africa Southern, Economic Commission, New, Citi, Spotify, Cannes Film, Burkina Faso, UNESCO, Disney, Amazon Prime, Netflix, “, Apple, Cape Town, Microsoft, Google, Infrastructure, McKinsey & Company, Pew Research Center, African Development Bank, Greek Coast Guard, Saudi, Africa Climate, Young Voters, Freedom House, University of Denver, United Arab, Japan Cuba Vatican City, Netherlands South Korea Belgium U.A.E, Islamic, Global, Center for Girls Education, School of Oriental, Studies Locations: grays, Africa, India, China, United States, Southern Asia, Asia, America, Caribbean, Northern America, Western Asia, Western Asia Northern America, Europe, London, New York, West Africa, Ivory, Abidjan, Russia, Turkey, Gulf, Nairobi, Nigeria Mozambique Kenya, Italy, Japan, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia, Congo Indonesia Brazil Australia South Africa Argentina, Russia Germany U.S, China Egypt India Nigeria, Brazil South Africa Australia, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria, Nigeria, Africa’s, Young, South Africa, Somalia, Mozambique, Mali, Gabon, Niger, Mozambique Nigeria Kenya, Kenya, Pennsylvania, Angola Ivory, Angola Ivory Coast Cameroon, Congo Algeria Egypt, Ghana Kenya Madagascar Mozambique Niger Nigeria, Tanzania Uganda South Africa, Northern Africa Eastern Africa, Africa Middle Africa, Africa Middle Africa Southern Africa, Guinea, Bissau, African, Qatar, Nigerian, Brooklyn, Target, French, Senegalese, Paris, Milan, Venice, Burkina, Tanzania, Saharan Africa, Nigeria Kenya Senegal In Lagos, Dakar, Zambia, South Korea, Sotheby’s, Lagos, Zimbabwe, Watford, Cape, Mombasa, Zanzibar, Cairo, Morocco, East Africa, Nigeria Mozambique Morocco, Sudanese, North Africa, East Asia, Thailand, Rwanda, Ivory Coast, States, Namibia, Kenyan, Paul Biya of Cameroon, Paul Kagame of Rwanda, United Arab Emirates, United States France Turkey, Germany, Russia India, Brazil, Japan Cuba, Japan Cuba Vatican City Spain Italy Saudi Arabia Qatar, Netherlands South Korea Belgium, Iran Canada, Niger’s, Niamey, Senegal Kenya Kenya, X’s, Tunisia, Egypt, Libya, Senegal, Uganda, Khartoum, Sudan, Ethiopia, Al Qaeda, Islamic State, Chad, Burkina Faso, Nigeria Nigeria Morocco, hijabs, Zaria, American, Korea, South, England

☆ Li Keqiang: China’s former Premier dead at 68 according to state media
▼ + stars: | 2023-10-27 | by ( Simone Mccarthy | Steven Jiang | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Former Chinese Premier Li Keqiang, once seen as a reform-minded contender to the country’s top leadership role, died of a sudden heart attack early Friday in Shanghai, state media reported. 2 leader until late last year, served as the country’s premier – traditionally in charge of the economy – for a decade from 2013 to March this year under strongman leader Xi Jinping. Under Hu, Li was named to the party’s top central leadership body the Politburo Standing Committee in 2007. Then 67, Li was one year short of the unofficial retirement age for senior Chinese Communist Party leaders. He was succeeded as premier earlier this year by former Shanghai party chief and Xi loyalist Li Qiang.

Persons: Hong Kong CNN —, Li Keqiang, Li, Xi Jinping, ” Li, “, Xi, Xi’s, Hu Jintao, Hu, nodded, Mao Zedong, China’s princelings, Li Qiang Organizations: Hong Kong CNN, Hong Kong CNN — Former, Peking University, Communist Party’s Youth League, Communist Party Congress, Dongling, Brigade, Communist Youth League Central Committee, Communist Party, party’s, Chinese Communist Party Locations: Hong Kong, Shanghai, United States, China, Liaoning, Henan, Anhui

☆ Exclusive: Biden set to speak with China's top diplomat Wang Yi on Friday, sources say
▼ + stars: | 2023-10-26 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden delivers remarks on healthcare coverage and the economy, at the White House in Washington, U.S. July 7, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - President Joe Biden is expected to speak with Wang Yi when China's top diplomat visits the White House this week, according to two U.S. officials familiar with planning for the visit. The White House declined to comment. It is unclear how substantial their interaction will be, but even an informal greeting would be Biden's senior-most interaction with the Chinese government since he briefly met Chinese President Xi Jinping's No. He also warned Chinese officials against aggression toward the Philippines.

Persons: Joe Biden, Jonathan Ernst, Wang Yi, Wang, Jake Sullivan, Biden, Xi Jinping's, Li Qiang, Xi, Antony Blinken, Blinken, Qin Gang, Trevor Hunnicutt, Heather Timmons, Lincoln Organizations: White, REUTERS, Rights, Economic Cooperation, Chinese Communist Party, Thomson Locations: Washington , U.S, New Delhi, Asia, San Francisco, Bali, Washington, Beijing, China, Philippines, United States

☆ Shenzhou-17 launch: China has sent its youngest-ever astronaut crew to the Tiangong space station
▼ + stars: | 2023-10-26 | by ( Marc Stewart | Nectar Gan | ) edition.cnn.com time to read: +7 min

It now has its own permanent outpost in orbit – a fully operational space station – and routinely rotates crews to live and work there. On Thursday, three Chinese astronauts lifted off on the Shenzhou-17 spacecraft from the Jiuquan Satellite Launch Center deep in the Gobi Desert, heading for the Tiangong space station for a six-month stay. With a lifespan of 15 years, it could become the only one left when the NASA-led International Space Station (ISS) retires in 2030. That exclusion has at least in part spurred Beijing to build its own space station. “We’ve been operating spacecraft, space shuttle, space station for decades.

Persons: China’s, Yang Liwei, Yang, ” Yang, “, ”, – Tang Shengjie, Jiang Xinlin, Tang Hongbo, Tang, Tang Shengjie, Tiangong, Leroy Chiao, they’ve, ” Chiao, “ We’ve Organizations: China CNN, CNN, NASA, Space, ISS, US, Positioning Locations: China, US, Russia, Europe, Japan, Canada, Beijing, United States, Soviet, Venezuela, South Africa

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - China is upping the critical minerals stakes by curbing exports of graphite, a key raw material in electric vehicle batteries. There is much potential for further escalation in this unfolding critical minerals battle between China and the West. Previous restrictions on lower-grade graphite exports destined for the steel and lubricants sectors have been rescinded. The world's graphite supply chain could well be in for a similar short-term shock. Western governments are still evaluating their response, waiting like the rest of us to see how China's graphite volumes play out in the coming months.

Persons: Fabian Bimmer, Wei Jianguo, Wei, Biden, Obama, Trump, Adam Hodge, China's Wei, David Evans Organizations: Volkswagen, REUTERS, Commerce, U.S, Chips, Benchmark Minerals, U.S . Department, Department of Defense, EV, World Trade Organization, European Union, WTO, Thomson, Reuters Locations: Salzgitter, Germany, China, U.S, Alaska, Australia, Japan

☆ Apple iPhone maker Foxconn being investigated in China as founder runs for Taiwan presidency
▼ + stars: | 2023-10-23 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Taiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media. Foxconn, also known as Hon Hai Precision Industry, has iPhone factories in Guangdong and Henan, including the world’s largest in the city of Zhengzhou. The company’s listed unit in Shanghai, Foxconn Industrial Internet, plummeted by its daily limit of 10% on Monday. Terry Gou, Foxconn founder, announces bid for Taiwan presidency during a press event in Taipei on August 28. The crackdown came despite repeated calls from Chinese leaders to welcome more foreign investment to boost the country’s slowing economy.

Persons: Taiwan’s, Terry Gou, won’t, Foxconn, “, ”, Brock Silvers, Gou, Hai, ” Gou, Ann Wang, Lai Ching, — Hou Yu, Ko Wen, Zhang Wensheng, ” Zhang, Silvers Organizations: Hong Kong CNN, Global Times, CNN, Hai Precision Industry, Foxconn Technology, WPP, drugmaker Astellas Pharma, Kaiyuan, “, Apple, Communist, Taiwan, Democratic People’s Party, ih, Kuomintang, Taiwan People’s Party, Beijing, China’s Xiamen University, Financial Times, Shanghai, Economic Observer Locations: China, Hong Kong, Beijing, Guangdong, Jiangsu, Henan, Hubei, Zhengzhou, Shanghai, Taipei, Taiwan

WASHINGTON (AP) — The United States is welcomed in the Indo-Pacific region and needs to update its approach to have stronger presence there to counter China's influence, said the top American diplomat to Tokyo. “The region wants all of America, not just part of America, economically, militarily, diplomatically, politically,” Emanuel said. “Because they know, an untethered China is a real risk to them, and they need America, all of America, its presence." In August, President Joe Biden formed a trilateral partnership with Japan and South Korea in Camp David over shared security challenges posed by North Korea and China. At the Asia Society Policy Institute, Emanuel called the partnership “a seismic shift in the plates in the Indo-Pacific".

Persons: Rahm Emanuel, ” Emanuel, Daniel Russel, Wang Yi, ” Wang, Joe Biden, Camp David, Emanuel, “, ”, Russel Organizations: WASHINGTON, Asia Society Policy, U.S, East China, Washington, China, North, Asia Society Policy Institute Locations: United States, American, Tokyo, New York, U.S, Japan, China, America, South, East, Taiwan, Beijing, South Korea, Qingdao, Camp, North Korea

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a meeting at the Belt and Road Forum in Beijing, China, October 18, 2023. "If the United States can effectively rally the world, it’s bad for them. SUPPORT FOR PALESTINEWhile the strategies of Russia and China in the Middle East are not fully aligned they have much in common. Russia said on Thursday it was coordinating Middle East policy with China. The United States has been trying, with limited success, to persuade the global south to rally behind Ukraine.

Persons: Vladimir Putin, Xi Jinping, Sergei Guneev, Israel, Wang Yi, Putin, Xi, Jon Alterman, Bashar al, Assad, Jean, Loup Samaan, Carice Witte, Alterman, Ma Xiaolin, Ma, James Pomfret, Guy Faulconbridge, Don Durfee, Robert Birsel Organizations: Forum, Sputnik, Rights, Initiative, Palestinian, Middle, Center for Strategic, International Studies, PALESTINE, Middle East Institute of, National University of Singapore, United, Ukraine, Israel, Zhejiang International Studies University, Thomson Locations: Beijing, China, Rights BEIJING, WASHINGTON, Gaza, Russia, Moscow, United States, Israel, States, East, Africa, Latin America, Asia, Palestine, Washington, U.S, Ukraine, Saudi Arabia, Iran, Tel Aviv, Hong Kong

☆ Putin meets 'dear friend' Xi in Beijing. Here are the top 3 takeaways
▼ + stars: | 2023-10-18 | by ( Clement Tan | ) www.cnbc.com time to read: +7 min

Sergei Savostyanov | Afp | Getty ImagesChina President Xi Jinping and his Russian counterpart Vladimir Putin were all smiles when they met in Beijing. "Dear friend, I am very glad to see you again," Putin said in a statement ahead of his bilateral meeting with Xi Wednesday. Xi is also looking to Putin as China seeks to reinvigorate its economic foreign policy program. watch nowPutin traveled to Beijing, knowing Xi would guarantee his safety. Here are the main takeaways from the meeting, which underline why China and Russia share strong ties.

Persons: Vladimir Putin, Xi Jinping, Sergei Savostyanov, Putin, Xi, AidData, Mary, Srettha Thavisin, Viktor Orban, Dmitry Peskov, Peskov, Wang Yi, Faisal bin Farhan Al Saud, Biden, it's, Peng Liyuan Organizations: Sputnik, Forum, Afp, Getty Images China, Initiative, Xi, College of William, Moscow, European Union, EU, Rosneft, Gazprom, Tass, Soviet Union, Hamas, U.S, United, of, U.S . Department of Commerce, Getty Locations: Beijing, Ukraine, China, Russia, Thailand, Hungary, Israel, Gaza, Iran, United Nations, Saudi Arabia, Europe, U.S

TAIPEI, Taiwan (AP) — The leaders of Russia and China met Wednesday in Beijing and called for close foreign policy coordination, as concerns grow about possible conflicts with the West over Moscow’s invasion of Ukraine and Beijing’s rising threats against Taiwan. “In the current difficult conditions, close foreign policy coordination is especially required," Putin said in his opening remarks. Just weeks before Russia’s invasion of Ukraine last February, Putin met with Xi in Beijing and the sides signed an agreement pledging a “no-limits” relationship. Beijing’s attempts to present itself as a neutral peace broker in Russia’s war on Ukraine have been widely dismissed by the international community. China, meanwhile, has increased military harassment of self-ruled Taiwan, the island democracy it claims as its own to be united by force if necessary.

Persons: Xi Jinping, Vladimir Putin, Putin, ”, Xi, Beijing’s Organizations: Wednesday, West, Taiwan, Initiative, Ukraine Locations: TAIPEI, Taiwan, Russia, China, Beijing, Ukraine, Asia, “, Moscow

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. Wang Huiyao, president of the Center for China and Globalization think tank, said the BRI had "greatly pushed forward global awareness about the infrastructure deficit". "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

Persons: Joko Widodo, Ken Ishii, Putin, Orban, Britain's, Viktor Orban, Russia's Vladimir Putin, Xi, Jinping, Matthew Erie, they've, Raffaello Pantucci, Ruby Osman, Tony Blair, Osman, Wang Huiyao, Wang, Joyce Zhou, Vineet Sachdev, Antoni Slodkowski, Don Durfee, Robert Birsel Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Initiative, University of Oxford, Reuters, Washington, American Enterprise Institute, S.Rajaratnam School of International Studies, Tony, Tony Blair Institute for Global, Global Development Initiative, Monetary Fund, Sri, Center for, Thomson Locations: Beijing, China, Italy, Xi's, BEIJING, Western Europe, EU, Taiwan, United States, Ukraine, Erie, CHINA, America, Africa, Russia, Kazakhstan, Congo, Singapore, China's, Argentina, Sri Lanka, Zambia, Center for China

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Such Western doubts have coincided with Xi's assertive leadership and a deterioration in ties over trade, human rights, COVID-19 and Taiwan. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

☆ Twenty arrested in Hong Kong over false document pension withdrawals amid row over UK passport
▼ + stars: | 2023-10-13 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

An evening view of the financial central district of Hong Kong, China October 3, 2023. Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed a national security law on the former British colony, cracking down on dissent. The authority running the pension scheme then said it would not accept the passport as a valid document for the withdrawal of funds. The agent had allegedly accepted bribes of up to tens of thousands of Hong Kong dollars per applicant, the ICAC said. Hong Kong returned to Chinese rule in 1997.

Persons: Tyrone Siu, Hong Kongers, Hong Kong, Jessie Pang, Nick Macfie Organizations: REUTERS, Britain, British National, Overseas, Provident Fund, Hong Kong Watch, Residents, HK, Thomson Locations: Hong Kong, China, HONG KONG, Britain . Hong Kong, Britain, British, Hong

☆ Money now, shares later: more IMF countries voice support for pragmatic IMF funding boost
▼ + stars: | 2023-10-11 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/2] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. IMF Managing Director Kristalina Georgieva said the extra resources were needed to ensure the IMF can respond to another large-scale crisis. But with anti-China sentiment running high in the U.S. Congress, any IMF funding increase that increases Beijing's influence would face stiff opposition. U.S. Treasury Secretary Janet Yellen proposed the money now, shares later plan as a way to sidestep the China issue and speed resources to the IMF. A 50% quota increase would be equivalent to about $312 billion at current exchange rates.

Persons: Yuri Gripas, Fernando Haddad, Kristalina Georgieva, Janet Yellen, Ernest Addison, David Lawder, Alex Richardson, Andrea Ricci Organizations: Monetary Fund, REUTERS, Rights, U.S, Monetary, IMF, U.S . Congress, Treasury, International Monetary, Financial Committee, Thomson Locations: Washington , U.S, Rights MARRAKECH, Morocco, France, Britain, Ghana, Switzerland, Finland, Belgium, China, Brazil, U.S, Algeria, Iran, Libya, Pakistan, Tunisia

Wang Yi, China's top diplomat, said the country would continue to play a constructive role in handling global "hotspot issues". But after the killings of more than 900 Israelis in coordinated assaults by the Islamic group Hamas, China's response was muted. China is willing to maintain communication with all parties and make unremitting efforts for peace and stability in the Middle East," Wang Wenbin, a foreign ministry spokesperson, said on Tuesday. "The achievement of peace in the Middle East region and the just settlement of the question of Palestine are inseparable." "China is very successful in a stable environment in the Middle East when it's possible to broker reconciliation agreements between Saudi Arabia and Iran," said Jean-Loup Samaan, Senior Research Fellow at the Middle East Institute of the National University of Singapore.

Persons: Washington . Wang Yi, Xi Jinping, Bill Figueroa, Wang Wenbin, COVID lockdowns, Xi, Steve Tsang, Zhai Jun, Liu Zhongmin, Yun Sun, Tuvia Gering, Jean, Loup Samaan, Samaan, Michael Martina, Don Durfee, Gerry Doyle Organizations: Hamas, University of Groningen, Palestinian, Western, SOAS China Institute, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations, Abraham Accords, Institute for Middle East Studies of Shanghai International Studies University, China Program, Stimson, Institute for National Security Studies, Initiative, Middle East Institute of, National University of Singapore, Thomson Locations: China, Middle East HONG KONG, BEIJING, SINGAPORE, Saudi Arabia, Iran, Israel, Gaza, Saudi, Washington, Palestine, Netherlands, United States, PALESTINE, China's, Beijing, Russia, Ukraine, London, U.S

☆ China-exposed European stocks rise after report of new stimulus
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - China-exposed European stocks rose on Tuesday after Bloomberg reported China is looking to increase its budget deficit for 2023, part of a new round of stimulus to help the economy. Miners Anglo American , Antofagasta (ANTO.L) and Glencore (GLEN.L), and financial services companies Standard Chartered (STAN.L), (2888.HK) and Prudential (PRU.L) all rose 3-5%. Stephane Ekolo, global equity strategist at TFS Derivatives, said the news was "absolutely" driving price action in European assets. "When China sneezes, the world catches a cold, so a new potential stimulus is seen as a positive catalyst," Ekolo said.

Persons: Peter Nicholls, Stephane Ekolo, China sneezes, Ekolo, Alun John, Amanda Cooper Organizations: Chartered, REUTERS, Bloomberg, Miners, HK, Prudential, TFS, Thomson Locations: London, Britain, China, American, Antofagasta

☆ China's Golden Week: expected consumption boom disappoints
▼ + stars: | 2023-10-09 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump. Before the holiday, the ministry had expected domestic travel to hit 896 million trips, and tourism spending to reach 782.5 billion yuan ($107 billion). According to the National Immigration Administration, on average 1.48 million people crossed the border every day during the Golden Week holiday. Weakness at the box officeChina’s box office hit multi-year lows during the holiday week. A recovery in domestic consumption not related to the Golden Week also fell short of expectations.

Persons: ” Goldman Sachs, Tesla, BYD Organizations: Hong Kong CNN, Ministry of Culture, Tourism, National Immigration Administration, Shenyang North Railway, Stringer, Getty, Citi, Entertainment, Tencent, China Passenger Car Association Sunday, CNN, EV Locations: China, Hong Kong, Beijing, China's, Liaoning, AFP, Tourism

☆ Cartoon elves and scrolls visualize Chinese military’s goal of Taiwan ‘reunification’
▼ + stars: | 2023-10-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

It has long vowed to “reunify” Taiwan with the Chinese mainland, by force if necessary. The Chinese painting "Dwelling in the Fuchun Mountains" displayed in its entirety in the National Palace Museum Taipei on June 1, 2011. As a result, the scroll has long been seen as a living symbol of the division between China and Taiwan. Visitors look at "Dwelling in the Fuchun Mountains" at the National Palace Museum Taipei on June 1, 2011. The “Escape from the British Museum” series “has struck a chord in people’s hearts and reflects the deep patriotic sentiments,” said one article in the state-run tabloid Global Times.

Persons: Hong Kong CNN —, “, Patrick lin, Huang Gongwang, —, Shi Tang, Xi Jinping, ” Xi’s, Chiang Kai, Mao Zedong’s, ” Organizations: Hong Kong CNN, Eastern Theater Command, People’s Liberation Army, PLA, Communist Party, Theater Command, Palace Museum, Getty, National, Museum, Zhejiang Provincial Museum, National Palace Museum, Taiwan, World Health Organization, Olympic Games, Asian, British Museum ’, British Museum, Beijing’s, Nationalist, Global Times, British Locations: Hong Kong, Taiwan Strait, People’s Republic of China, Taiwan, Palace Museum Taipei, AFP, Taipei, Hangzhou, China, National Palace Museum Taipei, Beijing, Ukraine, Fujian, London, Mao Zedong’s Communist, Greater China

☆ China and India are so far into frenemy zone that they may never join forces to topple the dollar
▼ + stars: | 2023-10-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

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

☆ Two elves and a scroll: China military releases animation on Taiwan 'reunification'
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

The shorter piece of the scroll, known as "The Remaining Mountain", about 51 cm long, is at the Zhejiang Provincial Museum in Hangzhou city. Taiwan's National Palace Museum has kept the 640-cm long "Master Wuyong Scroll" since the 1950s. The two pieces were reunited in 2011 when China lent its fragment to the Taiwanese museum for two months during a period of warmer relations as Taiwan pursued a policy of economic rapprochement with China. But in recent years, as relations have cooled, China has ramped up military activities around Taiwan, including drills over the past month that Beijing said were targeted at combating separatist forces. While China is keen to woo Taiwan with promises of economic gains, the threat of taking Taiwan by force is unrelenting.

Persons: Huang Gongwang, Pichi Chuang, Yuan, Ryan Woo, Robert Birsel Organizations: National, Museum, REUTERS, Rights, Eastern Theatre Command, Zhejiang Provincial Museum, Eastern, Command, Thomson Locations: Taipei, Rights BEIJING, Taiwan, China, Beijing, Taiwan Strait, Hangzhou city, Taiwan's, Fujian

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