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☆ China's alarming decline could tank the stock market, take down the global economy, and spark a dangerous showdown with the US
▼ + stars: | 2022-10-30 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

In the Western capitals and boardrooms, it appears the horror of Beijing's transformation has finally settled in, and the lure of China's economic future is fading. Economic dangerIf you want a clue to just how far China's economy has fallen, look no further than Beijing's attempts to hide information about the country's growth. Beyond the short-term signs of trouble, there are more enduring signs pointing to China's economic distress. That's a big if, and even if Beijing is successful, the slow-moving blob of debt will choke off economic growth for years to come. Xi has tightened his grip on China's economy and government from education to public health.

☆ Hu's dramatic China congress exit fuels speculation, official silence
▼ + stars: | 2022-10-24 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +4 min

During the once-in-five-years congress, Xi solidified his grip on power by appointing a Standing Committee made up entirely of loyalists - and excluding the three most senior members of Hu's once-powerful Communist Youth League faction. State TV's Saturday night news broadcasts included images of Hu at the congress, before his exit. Chinese politics, always opaque, have become even more secretive under Xi's decade-long tenure. "Despite the plausibility of a mundane explanation of ill-health, the CCP's secretiveness vis-à-vis senior Chinese leaders and elite Chinese politics lends itself to many more salacious explanations," he said. On China's Twitter-like Weibo, a few social media users alluded to the incident by commenting on old posts featuring Hu.

☆ China says it's running on a new version of democracy that doesn't rely on elections. Experts say it's just another mind game.
▼ + stars: | 2022-10-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

He first introduced the term "whole-process democracy" to China in a 2019 speech. However, by November that year, "whole-process democracy" was mentioned in 128 People's Daily articles, per CMP. "China's whole-process people's democracy integrates process-oriented democracy with results-oriented democracy, procedural democracy with substantive democracy, direct democracy with indirect democracy and people's democracy with the will of the state," says China's white paper on the subject, per CGTN. Semantics aside, a key point to note is that "whole-process democracy" plays down the need for elections. Even so, Chong said, whole-process democracy might still help the CCP give the impression that it cares about the average citizen.

"Given the economic and social strain caused by sticking to an increasingly unpopular COVID zero policy, Xi's speech might sound defensive to many Chinese citizens, insisting that the Party has their best interests in mind. ALFRED WU, ASSOCIATE PROFESSOR, LEE KUAN YEW SCHOOL OF PUBLIC POLICY, NATIONAL UNIVERSITY OF SINGAPORE"It is obvious that security is Xi's greatest concern. ZHIWU CHEN, PROFESSOR OF FINANCE, UNIVERSITY OF HONG KONG"One significant change is to de-emphasise economic development and economic reform. BATES GILL, PROFESSOR, DEPARTMENT OF SECURITY STUDIES AND CRIMINOLOGY, MACQUARIE UNIVERSITY, SYDNEY"This speech said 'continuity' and full speed ahead. "But this was not intended as a policy speech.

☆ Bank of England says stress test shows UK counterparties 'resilient'
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 13 (Reuters) - The Bank of England said on Thursday that the central counterparties (CCPs) in Britain's financial system were "resilient" after publishing the conclusions of its first public stress test for ICE Clear Europe, LCH and LME Clear. "While the stress test was exploratory, with no pass-fail assessments, the results are evidence of the overall resilience of the UK CCPs," BoE Deputy Governor Jon Cunliffe said in a statement. Register now for FREE unlimited access to Reuters.com RegisterThe BoE said it checked whether the CCPs were resilient to a market stress scenario and to the simultaneous default of the two largest clearing member groups. The exercise started in October 2021 and was designed to be as severe as the worst historical market stress scenario experienced by each CCP up to that point. "We will engage these CCPs on our findings, which will help the Bank target its supervision and inform CCPs' approach to risk management," Cunliffe said.

☆ Analysis: How China's Xi accumulated power, and why it matters in a third term
▼ + stars: | 2022-10-10 | by ( Yew Lun Tian | ) www.reuters.com time to read: +6 min

A visitor takes pictures in front of a screen displaying an image of Chinese President Xi Jinping, at the Museum of the Communist Party of China in Beijing, China September 3, 2022. Restoring the practice, which entails self-criticism in front of the general secretary, marked a small but symbolic example of how Xi has departed from China's collective leadership of recent decades and accumulated power unseen since Mao's time. The expected absence of a clear successor will also enable Xi to rule unchallenged but potentially ratchets up risk the longer he stays in power. Many were purged, including rivals for power like the popular former Chongqing party chief Bo Xilai. Xi also oversaw a crushing of dissent and forbade "disrespectful" discussion about the party among members.

☆ Invitație la consultări publice în cadrul procesului de programare a Programului Transnațional Bazinul Mării Negre 2021-2027
▼ + stars: | 2021-01-13 | by ( Alte Articole | ) www.civic.md time to read: +2 min

Autoritatea de Management a Programului Bazinul Mării Negre a elaborat analiza teritorială pentru zona eligibilă a programului în baza datelor statistice colectate inclusiv în Republica Moldova. În prezent sunt explorate așteptările părților interesate din Republica Moldova în vederea concentrării tematice a Programului Transnațional Bazinul Mării Negre 2021-2027. În acest context, Ministerul Finanțelor, prin prisma rolului de Autoritate Națională a Programelor de Cooperare Transfrontalieră și Transnațională, invită părțile interesate din Republica Moldova (autorități publice centrale, autorități publice locale, agenții de dezvoltare regională, asociații obștești, instituții publice, instituții de cercetare și învățământ, instituții culturale) la prima rundă de consultări publice în cadrul procesului de programare a Programului Transnațional Bazinul Mării Negre 2021-2027. Chestionarul poate fi completat accesînd link-ul https://blacksea-cbc.net/news/archive-news/have-your-say-on-the-interreg-next-black-sea-basin-programme-2021-2027/Datele din Chestionarul respectiv vor fi utilizate de membrii Comitetului Comun de Programare (CCP) pentru selectarea obiectivelor de politici care vor fi abordate în cadrul Programului Transnațional Bazinul Mării Negre 2021-2027 și pentru prioritizarea obiectivelor specifice aferente fiecărui obiectiv de politici. CCP este format din reprezentanți ai țărilor participante și este responsabil de pregătirea Programului Bazinul Mării Negre 2021-2027.

Persons: CCP Organizations: Management, Ministerul Finanțelor, Finanțelor, UE Locations: Negre, Republica Moldova, the, basin

☆ (foto) Un an cu multe provocări, dar substanțial pentru regiunea CEFTA
▼ + stars: | 2020-12-17 | by ( Onixmedia Srl | ) diez.md time to read: +7 min

„CEFTA în pandemie: Realizări și Provocări” a fost titlul Conferinței hibride de astăzi, deschisă la Jahorina, Bosnia și Herțegovina pentru a marca sfârșitul Săptămânii CEFTA 2020. Evenimentul de închidere a urmat după câteva zile de întâlniri și discuții pe platforme virtuale și a fost o oportunitate de a sumariza realizările din 2020. Președinția CEFTA a Bosniei și Herțegovinei a fost marcată de două mari realizări: menținerea și facilitarea comerțului, în ciuda pandemiei COVID-19 și adoptarea Pieței Regionale Comune. Aceasta va apropia și mai mult piețele de servicii din CEFTA și va permite mai multe oportunități pentru întreprinderi și cetățeni. Conferința CEFTA a fost susținută de proiectul Uniunii Europene – EU4Trade.

Persons: Djikic, El, Panelistii Organizations: Comerțului, Comunității Transporturilor, Summit, Reglementare, Uniunii Europene, Central Locations: Jahorina, Bosnia, Herțegovina, Herțegovinei, coronavirus, Balcanilor de Vest, Sofia, CEFTA, Republica Moldova, Albania, Macedonia, Moldova, Muntenegru, Serbia, UNMIK Kosovo

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