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☆ China's Q3 GDP growth, Sept activity show economic recovery gaining momentum
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +3 min

On a quarter-by-quarter basis, GDP grew 1.3% in the third quarter, accelerating from a revised 0.5% in the second quarter and above the forecast for growth of 1.0%. "It seems that all of that stimulus is finally beginning to take effect, with a broad beat from growth, retail sales, industrial production and unemployment," said Matt Simpson, senior market analyst at City Index in Brisbane. The economy faltered in the second quarter after a brief post-COVID recovery, dragged by a property downturn and huge debt due to a decades-long infrastructure binge. The recovery momentum suggests the government's full year 2023 growth target of around 5.0% is likely to be achieved. Growth of retail sales, a gauge of consumption, also beat expectations, rising 5.5% last month, and accelerating from a 4.6% increase in August.

Persons: Tingshu Wang, Matt Simpson, Zhiwei Zhang, Ellen Zhang, Joe Cash, Kevin Yao, Shri Navaratnam Organizations: REUTERS, Gross, National Bureau, Statistics, Index, Analysts, Thomson Locations: Beijing, China, BEIJING, Brisbane

☆ Millionaires, athletes and experts swear by this mindset—how to make the most of it, and avoid its pitfalls
▼ + stars: | 2023-10-18 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

You've probably heard about the growth mindset — the idea that constant, incremental improvement can lead to achievement and success. It's also the key to understanding why the growth mindset works and when to lean into it, researchers say. Several studies on school-age children, for example, found that a growth mindset resulted in better grades for kids from financially well-off families than those from poorer backgrounds. A growth mindset is "a necessary but insufficient condition for learning," says Tipton. When a growth mindset is most effective, and how to use it wisely

Persons: You've, Carol Dweck, It's, Jennifer Burnette, Elizabeth Tipton, Tipton, it's Organizations: Ivy League, North Carolina State University, CNBC, Northwestern University, Psychological Locations: Tipton

☆ China's third-quarter growth exceeds forecast, buoyed by consumer spending and industrial production
▼ + stars: | 2023-10-18 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Vcg | Visual China Group | Getty ImagesChina's third-quarter economic growth came in stronger than expected, boosting hopes that the world's second-largest economy will meet or even exceed Beijing's target for about 5% this year. China posted 4.9% growth in the July to September quarter from a year earlier, according to a release from China's National Bureau of Statistics on Wednesday. This follows the 6.3% print for the April-June quarter and 4.5% growth for the January-March quarter. On a quarter-on-quarter basis, China's economy grew 1.3% in the third quarter, stronger than economists' expectations for a 0.9% growth. China's consumer prices were flat in September, on the verge of deflation, while producer price index saw annual declines slow for a third month.

Organizations: Visual China, Getty, China's National Bureau, Statistics, CNBC Locations: Chongqing, China

☆ CNBC Daily Open: Consumers in U.S. and China are powering their economies
▼ + stars: | 2023-10-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The bureau also said retail sales spiked 5.5% and industrial production grew 4.5% in September, compared with a year earlier. U.S. markets wavered Tuesday as investors digested September's U.S. retail sales report and third-quarter earnings from banks. Retail sales in China also jumped more than expected in September, buoying the country's third-quarter GDP growth. Indeed, the specter of high inflation and, correspondingly, higher-for-longer interest rates, haunted the retail report, at least for the U.S.

Persons: Goldman Sachs, David Russell of TradeStation, That'd, It's, Russell, Chris Zaccarelli Organizations: CNBC, Bank of America, Bank of, National Bureau of Statistics, Consumers, U.S, Treasury, Nasdaq, Dow Jones, Independent, Alliance Locations: China, Asia, Pacific, Shanghai

BANGKOK (AP) — Markets fell in Europe and Asia after China reported Wednesday that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. The future for the S&P 500 lost 0.2% and that for the Dow Jones Industrial Average was 0.1% lower. Weak global demand and the property industry remain the biggest shadows overhanging the economy in the near term, economists said. “The wider data on the property sector remained weak, although green shoots are appearing,” Capital Economics said in a report. Bank of New York Mellon rose 3.8% after it also reported stronger profit than expected for the latest quarter.

Persons: Germany's DAX, Wyndham, Brent, Writers Zen Soo, Stan Choe Organizations: —, CAC, FTSE, Dow Jones, Bureau of Statistics, Nikkei, Nasdaq, U.S, Treasury, Nvidia, Bank of America, Wall, Bank of New, Bank of New York Mellon, Wyndham Hotels, Resorts, ”, New York Mercantile Exchange, AP, Writers Zen Locations: BANGKOK, Europe, Asia, China, Paris, Shanghai, Tokyo, Bank of New York, Iran

☆ China’s GDP allows room for stimulus waiting game
▼ + stars: | 2023-10-18 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

HONG KONG, Oct 18 (Reuters Breakingviews) - For any major economy, 5% growth ought to be respectable. Yet anxiety over the attainability of that official target this year is one reason China's policymakers have faced growing calls from global stakeholders for more stimulus. The country’s GDP has grown 5.2% in the first nine months of this year. The world’s second-biggest economy grew 5.2% in the first nine months of 2023. The Chinese government has set a 5% growth target for this year.

Persons: Una Galani, Thomas Shum Organizations: Reuters, Services, National Bureau, Statistics, Thomson Locations: HONG KONG, Beijing, China

HONG KONG (AP) — China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector. The world’s second-largest economy grew 4.9% year-over-year in the July-September quarter, beating the 4.5% forecast by analysts but slowing from the 6.3% growth in the previous quarter, according to official data released Wednesday. On a quarterly basis, the economy grew by 1.3% in the third quarter, compared to 0.8% growth in the April-to-June quarter. For the first nine months of the year, China's economy grew 5.2% compared to the same period last year, suggesting it is on track with Beijing's target of about 5% growth for 2023. Political Cartoons View All 1211 ImagesStephen Innes, managing partner at SPI Asset Management, said that although the numbers beat expectations China's economy is “not out of the woods by any means.”“This growth suggests a modest improvement in the Chinese economy.

Persons: Stephen Innes, ” Innes Organizations: National Bureau, Statistics, Management, Analysts Locations: HONG KONG, Beijing, China

☆ China’s Economy Gets a Boost From Beijing, but Housing Woes Persist
▼ + stars: | 2023-10-17 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s economy grew more than expected over the summer, though the real estate market continued to weaken, as the government and the banks it controls poured money into infrastructure and new factories. Data released on Wednesday showed that economic output increased from July through September compared with the prior three months. Over the past year and a half, China’s economy, the world’s second largest, has struggled. In the third quarter — from July through September — the gross domestic product grew 1.3 percent when compared with the three previous months, China’s National Bureau of Statistics said. For the second quarter, however, economic growth was revised down to 0.5 percent.

Organizations: Housing, China’s National Bureau of Statistics

When the Israel Defense Forces (IDF) shut all access to Gaza following Hamas’ deadly attack last Saturday, these men became stuck. Ismail Abd Almagid’s wife and five children – four girls and one boy – are in Gaza while he is staying in the refugee camp. When Abd Almagid got his permit to work in Israel in October last year, it felt like winning the lottery. Many of the men at the Dheisheh refugee camp are in the same situation – they are the only members of their families to have a job. A view of the Deheisheh refugee camp in the West Bank.

Persons: –, Khan Younis, Ismail Abd Almagid’s, Misk, Tala, ’, ”, Abd Almagid, “ I’d, that’s, ” Ismail Abd Almagid, Ivana Kottasova, “, they’d, Marwan Saqer, Dheisheh, ” Saqer Organizations: West Bank CNN, West Bank, Israel Defense Forces, CNN, IDF, Palestinian Ministry of Health, United Nations, CNN Sunday, Palestinian Central Bureau of Statistics, Israel, Gazans, Palestinian Authority, UN’s, Works Agency for Palestine Refugees Locations: Gaza, Israel, Khan, Egypt, Kafr Qassem, Tel Aviv, Bethlehem, Jerusalem

Following the deadly Hamas rampage across southern Israel on Oct. 7, which killed more than 1,300 people, Israel ordered an immediate cut-off of the country’s water supplies to the Gaza Strip. REUTERS/Ahmed ZakotOn Sunday, Israel’s energy minister said that a decision to renew water supplies to parts of southern Gaza was agreed on between Prime Minister Benjamin Netanyahu and U.S. President Joe Biden. On Monday, Hamas said that Israel had yet to resume water supplies for the Gaza Strip despite pledging to do so, while an Israeli official responded that some water was being provided to an area in the south of the enclave. Bar chart comparing the daily water consumption in litres per capita in Gaza and Israel. Map showing 3 desalination plants and 6 wastewater plants in the Gaza Strip.

Persons: Khan Younis, Ahmed Zakot, Benjamin Netanyahu, Joe Biden, Israel, ” Organizations: United Nations, REUTERS, U.S, Health, WHO, Palestinian Central Bureau of Statistics, Water, Palestinian Water Authority, Records, UNSCO Atlas, Sustainable, Resources, Israeli Information Center, Human Rights, World Bank Locations: Gaza, Israel, Sinai, Egypt, B’Tselem, Territories

[1/4] People walk into Jerusalem's Old City via Jaffa Gate, as the conflict wreaks havoc across the tourism sector October 11, 2023. Now they are empty after a devastating attack by Palestinian militant group Hamas in Israel on Oct. 7. InterContinental Hotels (IHG.L) said two of its hotels, Six Senses Shaharut and Hotel Indigo Tel Aviv – Diamond District, were temporarily shut. Australian tour operator Intrepid Travel has called off tours to Israel and Palestinian territories until the end of the year. Odysseys Unlimited has suspended its Israel trips until March 31.

Persons: Sinan Abu Mayzer, Abu Dawoud, Khader Hussein, Jesus, That's, Elias al, Dan Hotels, Isrotel, Dan, Israel, Joanna Plucinska, Steven Scheer, Doyinsola, Yadarisa, Josephine Mason, Mark Potter Organizations: REUTERS, Rights, Palestinian, Hamas, West Bank, Virgin, European, InterContinental Hotels, Indigo, Aviv, Diamond, Israel Central Bureau of Statistics, Arab Hotel Association, Intrepid, Odysseys, NEW, Thomson Locations: City, Jaffa, Rights BETHLEHEM, JERUSALEM, Bethlehem's, Israel, Palestinian, Gaza, Jerusalem, Tel Aviv, United States, European Union, Britain, Europe, Bethlehem, Tel, U.S, West, Australian, Egypt, Jordan, LONDON, Bengaluru

☆ Israel-Hamas war risks further deglobalization and inflation
▼ + stars: | 2023-10-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —The global economy is facing tremendous uncertainty from the war between Hamas and Israel in the Middle East, on top of the ongoing war between Russia and Ukraine. They say Israel’s declaration of war against Hamas could be yet another catalyst for deglobalization, though the extent of that is still up in the air. If deglobalization does get exacerbated, what would that mean for inflation and monetary policy, globally? With deglobalization, you get a global economic environment that’s less competitive, and when there’s less competition, that is ultimately inflationary, causing prices to rise. Over the Covid era, China shut down production, disrupting the global supply chain, so deglobalization would bring some production back within US borders.

Persons: Wells, Bell, Brendan McKenna, that’s, Trump, there’s, Hanna Ziady, we’ve, ”, Avi Hasson, Patrick Harker, John Williams, Tom Barkin, Michelle Bowman, Tesla, Christopher Waller, Lisa Cook, Jerome Powell, Austan Goolsbee, Michael Barr, Raphael Bostic, Loretta Mester Organizations: CNN Business, Bell, DC CNN, Trump, Hamas, Nation Central, Philadelphia Fed, US Commerce Department, Federal Reserve, National Association of Home Builders, China’s National Bureau of Statistics, Procter & Gamble, United Kingdom’s, National Statistics, American Airlines, US Labor Department, Federal, Fed Locations: Washington, Israel, Russia, Ukraine, China, Wells Fargo, Gaza, deglobalization, United States, Mexico, US, Tel Aviv, New York

HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. The Hang Seng in Hong Kong slipped 2.2% to 17,846.49 and the Shanghai Composite index fell 0.6% to 3,088.10. Japan’s Nikkei 225 index fell 0.6% to 32,315.99. On Thursday, the S&P 500 fell 0.6% to 4,349.61. The stock market has largely been taking its cues from the bond market recently.

Persons: Australia’s, Taiwan’s Taiex, Wells, Brent Organizations: National Bureau of Statistics, Japan’s Nikkei, Dow Jones, Nasdaq, Delta Air Lines, Ford Motor Co, United Auto Workers, Detroit, Treasury, Federal Reserve, Citigroup, JPMorgan Chase, UnitedHealth Group, New York Mercantile Exchange, U.S . Locations: HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok, Louisville , Kentucky, Wells Fargo, Gaza

☆ China still can't beat deflation as its economy continues to flounder
▼ + stars: | 2023-10-13 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China remains on the brink of deflation, according to official figures published Friday. AdvertisementAdvertisementChina's battered economy still can't shake off the threat of deflation, official government figures released Friday show, as a key gauge of price rises unexpectedly flattened. The country's consumer price index was unchanged last month, the National Bureau of Statistics said. Meanwhile, factory-gate costs as measured by the producer price index fell 2.5% in September for their 12th consecutive monthly decline, the data showed. Both price indices fell short of economists' expectations, per Reuters polls conducted before the figures were published.

Persons: —, Hong Organizations: Service, National Bureau of Statistics, CPI, CSI, China Locations: China, Beijing

☆ Israeli military orders Gazans to leave northern half of territory
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +4 min

Map of the Gaza Strip showing the Israeli ordered evacuation zone in the north. Map of the population density in the Gaza Strip, showing the population density in Gaza City, Deir al-Balah, Khan Yunis and Rafah. There are two refugee camps within the evacuation zone, and a cluster of camps just south of the zone, near Deir al-Balah. That's why we're asking them to move.” There are only two major roads leading from northern Gaza to the evacuation zone. Map showing that most of the hospitals in the Gaza Strip are in the north, within the evacuation zone.

Persons: Israel, Khan, Martin Griffiths, Gazans, Salah Al Deen, Al Organizations: United Nations, Palestinian Central Bureau of Statistics, Israeli Defense Forces, Israel, World Health Organization, WHO Locations: Gaza, Israel, Gaza City, Deir, Khan Yunis, Rafah, Deir al

☆ China consumer prices were unexpectedly flat, as economic recovery remains fragile
▼ + stars: | 2023-10-13 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

An undated editorial photo of Chinese yuan cash bills and the flag of the People's Republic of China. China's consumer prices were flat in September, while factory gate prices saw annual declines slow for a third month — pointing to the uneven post-Covid recovery in the world's second-largest economy that may require further policy support. Consumer price index for September was flat on an annual basis, the National Bureau of Statistics reported Friday, below than the median estimate for a 0.2% increase in a Reuters poll. China's producer price index fell 2.5% from a year earlier, weaker than expectations for a 2.4% decline, after a 3% drop in August. The drop in factory prices, though, was the smallest in seven months.

Organizations: National Bureau of Statistics, CPI Locations: People's Republic of China, China

☆ China's consumer prices stall, factory deflation persists
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tingshu Wang/File photo Acquire Licensing RightsBEIJING, Oct 13 (Reuters) - China's consumer prices faltered and factory-gate prices shrank slightly faster than expected in September, with both indicators showing persistent deflationary pressures in the world's second-largest economy. "The damage from the property sector slowdown on consumer confidence continues to weigh on household demand." Food prices dropped 3.2% from a year earlier, extending a decline by 1.5 percentage points from August and dragging down the CPI. While signs are emerging that China's economy is stabilising, concerns over the sustainability of the recovery persist. China's property sector has yet to emerge from a deep slump despite a raft of policy support measures.

Persons: Tingshu Wang, Economists, Zhiwei Zhang, Qiaoyi Li, Ellen Zhang, Ryan Woo, Sam Holmes Organizations: REUTERS, Rights, National Bureau of Statistics, Reuters Graphics, CPI, IMF, Central Huijin Investment, Thomson Locations: Beijing, China, Rights BEIJING

☆ Gaza Strip: devastated by conflict and Israel's economic blockade
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

Palestinians look at the destruction of a house in the aftermath of a strike amid the conflict with Israel in Khan Younis, in the southern Gaza Strip, October 12, 2023. The Palestinian Gaza Strip has been a frontline of conflict with Israel for decades and cut off from much of the outside world for 16 years. Egypt held Gaza for most of the following two decades, until Israel seized it during a 1967 war. Egypt, which shares a 12-km border with Gaza, has largely supported the blockade, viewing Hamas as a threat to its own stability. More than 90% of water in Gaza is unfit for drinking, the Palestinian Water Authority says.

Persons: Khan Younis, Abu Mustafa, Mahmoud Abbas, Israel, Egypt's, Cross, Tom Perry, Crispian Balmer, Toby Chopra Organizations: REUTERS, Hamas, THE, Watch, Humanitarian Affairs, Palestinian Water Authority, West Bank, Palestinian Central Bureau, Statistics, International Committee, Thomson Locations: Israel, Gaza, Palestinian, GAZA, Gaza City, Egypt, Rafah

☆ Americans are flocking to Mexico City where rent is cheaper and life is more laid-back—for locals, it’s complicated
▼ + stars: | 2023-10-12 | by ( Celia Fernandez Tasia Jensen Beatriz Bajuelos Castillo | Celia Fernandez | Tasia Jensen | ) www.cnbc.com time to read: +18 min

Moran moved to Mexico City in 2019 and is now a permanent resident and lives with Dai, her Mexican boyfriend. "When North Americans come to Mexico, especially to Mexico City, they do not come for survival reasons," Osorno says. Alberto Martinez believes that the Mexican government needs to come up with a way to control rent prices in Mexico City. In 2022, the Mexico City government partnered with Airbnb to promote the city as a global remote working hub. In 2022, Airbnb and Mexico City announced a partnership that caused an uproar among CDMX locals.

Persons: it's, Gene Kim, Kyla Moran, Moran, Dai, Tasia Jensen, Beatriz Bajuelos, Hutchins, Caitlin Hutchins, Cora, Victor, Adalia, —, Aborisade, Hutchins isn't, I'm, Keith Brown, Brown, George Floyd, There's, doling, I've, Darnell, Tiara Darnell, Guillermo Osorno, Frida Kahlo, Diego Rivera, Leticia Lozano, Lozano, Anais Martinez, Martinez, It's, Leticia Lozano López, Alberto Martinez, Airbnb, Lozano López Organizations: CNBC, Mexico City, Black American, Spanish, U.S, Spotify, National Institute of Statistics, Human Rights, Osorno, Roma, Mexico's Foreign Affairs, New, of Labor Statistics, National Autonomous University of Mexico, The New York Times, Urban Regeneration, MIT, Airbnb, Nurphoto Locations: Mexico City, Mexico's, Ciudad, North America, Mexico, U.S, American, Hutchins, North Carolina, Texas, Mexico City's, United States, Buffalo , New York, Buffalo, Roma Norte, La, Osorno, Tourism Secretarait, Mexican, New York City, —, La Condesa, Airbnb, Latin America, Barcelona, Florence, Congress

I said please kill her because it would be better than being kidnapped,” Ovadia, 38, told CNN on Wednesday. He is one of many Israelis returning home from abroad as their country’s long-running conflict with Hamas escalates into a war not seen on this scale for a generation. But he abandoned those plans on Saturday when he learned of Hamas’ attack while in a mountain village in Nepal. Ilan FisherIlan Fisher, 29, is another Israeli expecting to be called up for reserve duty, he told CNN on Wednesday. “Being here is a lot more comforting than being away,” she told CNN.

Persons: Ben Ovadia, Kaddish, “, ” Ovadia, don’t, “ Allahu Akbar, ”, Ovadia, Israir, Arkia, Guy, ” Israel, Doron Spielman, “ There’s, ” Spielman, ben, Ben, “ You’re, ” Ilan Fisher, Ilan Fisher Ilan Fisher, Fisher, Rachel Gold, Jessica Kane, Kane, ” Kane, Gold Organizations: CNN, El Al, Reuters, Palestinian Ministry of Health, Supernova, Israel Defense Forces, Israeli Central Bureau, Statistics Locations: Israel, London, Gaza, Lod, Tel Aviv, cybersecurity, United States, Ben, Nepal, Kathmandu, Asia, Australia, Melbourne, Toronto, New York

☆ Australia's Outback Dialysis Clinic Says Indigenous Voice Can Save Lives
▼ + stars: | 2023-10-10 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Napaltjarri, 55, is one of dozens of Indigenous Aboriginal and Torres Strait Island people who are treated each day for kidney failure at remote dialysis clinics run by The Purple House, an Aboriginal community-led health service. Headquartered in Alice Springs, it's an example of how community involvement can improve outcomes for Australia's Indigenous people, The Purple House CEO Sarah Brown told Reuters in an interview. Purple House is evidence of how including the community can improve outcomes, Brown said. Kidney failure is a common cause of death among the Indigenous. Treatment for kidney failure requires dialysis for five hours a day, thrice a week.

Persons: Jill Gralow, Praveen Menon ALICE SPRINGS, Rachel Napaltjarri, She's, Sarah Brown, Brown, Alice Springs, Praveen Menon, Sonali Paul Organizations: Aboriginal, Purple, Reuters, Australian Bureau of Statistics, Torres Strait Locations: Alice Springs, Torres, Australia, Northern Territory, Western Australia, South Australia, Darwin

☆ China to hold nationwide survey on population changes in November
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

[1/3] A little girl sits with her dad in a park in Shanghai, China, April 2, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Oct 10 (Reuters) - China's National Bureau of Statistics will conduct a nationwide sample survey in November to help better plan population policies, in an unexpected poll as authorities struggle to boost the country's flagging birth rate. The survey's scope on population changes will focus on urban and rural areas throughout the country, according to state media reports on Tuesday. The plan will help to "accurately and timely monitor China's population developmental changes and provide a basis for the Communist Party and the government to formulate national economic, social development and population related policies," the bureau said. China last conducted its once-in-a-decade census in November 2020 which showed it grew at the slowest pace since the first modern population survey in the 1950s.

Persons: Aly, Farah Master, Kim Coghill Organizations: REUTERS, National Bureau, Statistics, Communist Party, Authorities, Thomson Locations: Shanghai, China, HONG KONG, Beijing, China's

☆ The deteriorating situation in Gaza
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +5 min

Map of Gaza Strip access restrictions since 2005. The international airport in the south of the Gaza Strip was destroyed in 2002. The Gaza Strip is one of the most densely populated areas in the world. Note: Gaza Strip population in 2023: 2,226,544 inhabitants. Source: Gaza Electricity Distribution Company via UN OCHAFurther energy cuts mean residents cannot recharge phones, so are cut off from news of each other and events.

Persons: Israel, Khan, Benjamin Netanyahu, ”, Mohammad Brais Organizations: United Nations Office, Humanitarian Affairs, Palestinian Central Bureau of Statistics, West Bank, Israel, CIA, Gaza Electricity, Company, UN, NetBlocks, Israeli Air Force Locations: Israel, Gaza, Egypt, London, England, Deir, Khan Yunis, Rafah

☆ China to Hold Nationwide Survey on Population Changes in November
▼ + stars: | 2023-10-09 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

HONG KONG (Reuters) - China's National Bureau of Statistics will conduct a nationwide sample survey in November to help better plan population policies, in an unexpected poll as authorities struggle to boost the country's flagging birth rate. Concerned about China's first population drop in six decades and its rapid ageing, Beijing is urgently trying an array of measures to lift the country's birth rate including financial incentives and boosting childcare facilities. The survey's scope on population changes will focus on urban and rural areas throughout the country, according to state media reports on Tuesday. The plan will help to "accurately and timely monitor China's population developmental changes and provide a basis for the Communist Party and the government to formulate national economic, social development and population related policies," the bureau said. China last conducted its once-in-a-decade census in November 2020 which showed it grew at the slowest pace since the first modern population survey in the 1950s.

Persons: Farah Master, Kim Coghill Organizations: Reuters, National Bureau, Statistics, Communist Party Locations: HONG KONG, Beijing, China, China's

Yes, according to a Ugandan company that's buying banana stems in a business that turns fiber into attractive handicrafts. TEXFAD also takes material from a third party, Tupande Holdings Ltd., whose trucks deliver banana stems from farmers in central Uganda. Such items are possible because “banana fiber can be softened to the level of cotton,” Okello said. Working with researchers, TEXFAD is now experimenting with possible fabric from banana fiber. While it is now possible to make paper towels and sanitary pads from banana fiber, the company doesn't yet have the technology to make clothing, he said.

Persons: —, mush, John Baptist Okello, David Bangirana, TEXFAD, Muganga, ” Muganga, ” Okello, Faith Kabahuma, ”, ___ Rodney Muhumuza Organizations: Agriculture Organization, Associated Press, Tupande Holdings Ltd, Uganda Bureau, Statistics Locations: MUKONO, Uganda, Ugandan, East, Food, matooke, Sheema, Kampala, TEXFAD, Europe

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