Tag: China
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China sets GDP target at 5% and raises budget deficit level as trade war intensifies
China sets its GDP growth target at 5% for 2025, unchanged from last year, despite rising risks of trade tariffs. China set the economic growth target at 5% for 2025 at its annual government meeting, while unleashing more stimulus measures to bolster the economy as trade tensions with the United States escalate. Increasing deficit level…
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Rise of US dollar forwards builds risk for Asia’s central banks
Central banks across Asia are increasingly using derivatives to protect their currencies against a strong US dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future. The Reserve Bank of India’s net US dollar short forward position – the amount of dollars that will be…
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Why Trump Can’t Ignore Syria
Despite the president’s desire to pull back from the Middle East, dealing with Damascus could be his first big strategic test. The truck attack in New Orleans on Jan. 1, in which 15 people were killed and more than 50 injured, has raised new worries about transnational jihadist extremism. The man whom the FBI has…
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China’s Lesson for India on Weaponized Interdependence
Recent Chinese export curbs on capital goods and machinery to India amount to India’s biggest geoeconomic challenge since sanctions by the West following its successful nuclear test in 1998. Over the past few weeks, multiple reports have emerged suggesting that Chinese companies are restricting export of vital advanced capital goods and machinery to India. Indian manufacturers of electronics, solar…
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Tanzania: East Africa’s New Powerhouse
Tanzania’s socioeconomic transformation drives economic dominance by attracting substantial investments and dominating intraregional trade. Tanzania is undergoing eye-catching socioeconomic transformation. The East African nation has opted to go on quietly pursuing economic supremacy. Outsiders, however, are taking note. Kenyan President William Ruto is among them. In late November, he acknowledged Tanzania’s trade performance, which is…
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What is an executive order, and what orders did Trump sign on day 1?
We take a look at some of the most significant executive actions signed by President Donald Trump. Donald Trump has signed a flurry of executive actions just after being sworn in as the 47th president of the United States, marking the beginning of his second term. There are two types of executive actions: executive orders, which are legally…
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Developing economies have greater challenges ahead, warns World Bank
Weak investment and climate change threaten growth in developing economies after a period of strong expansion. By the end of this year, developing economies are expected to record the weakest long-term growth outlook since 2000, said the World Bank on Thursday. In this case, developing economies include all those that are not classified as advanced…
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Beijing’s Targeting of Taiwan’s Undersea Cables Previews Cross-Strait Tensions Under a Trump Presidency
We can expect China to test the resilience of the Taiwan-U.S. partnership under Trump with more gray-zone operations. On January 5, the Taiwanese government alleged that the Chinese-owned vessel Shunxin-39 cut an undersea fiber-optic cable near Taiwan’s Keelung Harbor by reportedly dragging its anchor across the seabed. Taiwan’s government-run telecommunications operator, Chunghwa Telecom, discovered the alleged sabotage…
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How much is social media platform TikTok worth and who could buy it?
The popular app TikTok could be banned on 19 January under a US federal law that would force the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its US operations. Several parties have expressed interest in buying the platform but ByteDance has repeatedly said it does not plan…
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Bulgari Celebrates the Year of the Snake With the Serpenti Infinito Exhibition
Bulgari is ushering in the Lunar New Year in grand fashion with a brand-new exhibition in Shanghai. Perfectly timed to the Year of the Snake, “Serpenti Infinito”—which opens tomorrow and runs through Feb. 16, 2025—pushes the boundaries of creativity to offer an interactive experience that explores the house’s 140-plus-year heritage and savior faire inspired by…