Category: Asia
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Anticipated Trends in China’s Economy for 2024: Insights from a Press Conference on March 6, Featuring Prominent Chinese Speakers
Image: By Xinhua On the afternoon of March 6, the second session of the 14th National People’s Congress held an economic-themed press conference. Director of the National Development and Reform Commission Zheng Shanjie, Minister of Finance Lan Fo’an, Minister of Commerce Wang Wentao, Governor of the People’s Bank of China Pan Gongsheng, and Chairman of…
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Navigating China’s Economic Outlook: Anticipating a Downturn or a Renewed Market Confidence?
Written by: Marián Šeliga As the Lunar New Year in China officially starts today (February 10), we would like to undertake a comprehensive summarization of China’s economic performance in 2023. Additionally, forecasting for the upcoming year is essential. This analysis gains heightened significance in light of the escalating scepticism towards China’s economy. Contents: 1. China’s…
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The 15th BRICS summit in South Africa: new members invited, but no breakthrough on other tracks achieved
By: Marián Šeliga The 15th BRICS summit, which took place from August 22nd to 24th in South Africa, has reaffirmed the growing aspirations of developing and emerging nations to assume a more impactful role on the global stage. Current BRICS summit was first in-person gathering in four years after the COVID-19 pandemic. BRICS member countries…
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China’s weak recovery is worrying the government as well as investors
Photo: TheStar Written by Alicia Garcia-Herrero The sudden and immediate reopening of the Chinese economy after three years of zero-Covid policies on December 8 last year was accompanied by a rapid positive turn in foreign investors’ sentiment, leading to a surge in portfolio flows, especially equities. This shift was based on the experience of other…
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Xi Jinping heads to Russia to deepen bilateral ties and possibly pave the way for peace in Ukraine
Photo: Xinhuanet By: Marián Šeliga Xi Jinping is set to visit Russia from March 20 to 22 This is will be Xi’s first overseas trip since he was officially rubber stamped as head of state by the country’s political elite earlier this month. The fact that Russia has been chosen as the first foreign destination…
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Peace mission of high-ranking Chinese diplomat Wang Yi in Europe
Author: Marián Šeliga China to propose its “peace plan” to resolve the Russian-Ukrainian war Former foreign minister, Wang Yi, who serves currently as the director of the Office of the Foreign Affairs Commission of the CPC Central Committee (this position according to the Chinese political hierarchy is higher than the position of the minister of foreign…
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China abruptly abandoned ZERO-COVID POLICY: the social, economic and political implications
Photo by: Anadolu Agency Author: Marián Šeliga According to an independent forecasting firm Airfinity, since China abandoned its strict ZERO-COVID POLICY in early December last year, roughly 600, 000 people in the country have died from this disease. This information, although based on forecasts, is in a great contrast with official Chinese statistics published. According to…
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