The onshore yuan weakened by more than 500 basis points (bps) to 6.72 against the dollar during intraday trading on Monday to hit its lowest point since November 2020, following the US Federal Reserve’s move to hike interest rates.
As the Biden administration puts forward its proposal for $30 billion in aid to Ukraine, the largest portion of which is for new military hardware, the US economy is moving into some of the most dangerous economic waters it has experienced in the last few decades.
China has called for its recently proposed Global Security Initiative to replace the prevailing yet outdated Cold War mentality that has led to the insecurity facing Europe and the world because of the Ukraine crisis. Cao Bing reports from Beijing on an online forum of think tanks from 20 countries.
The current division was never seen in the history of Pakistan. Although, Pakistan is a diversified nation – based on provinces, regions, ethnicity, religion, faction, sects, languages, etc. But, the political division was never so severe in the whole history of the nation. Families are divided, almost every family, siding with PTI or another side, is quarreling, debating, and sometimes terminating normal relations. It was observed that father and son, mother and daughter, sisters and brothers are arguing against each other. It has promoted hate and division within the family. Which is extremely harmful to the nation.
As the US' latest monetary policy shift failed remarkably to calm financial markets in the US and around the world, reflected in recent plunges in stock markets, and expectation is growing for the US to take more aggressive actions to tame decades-high inflation and reverse a possible recession, Chinese experts are warning spillover risks from the toxic US policies and calling for long-term responses.
Good afternoon ladies and gentlemen! It is great to be with you virtually again two and a half years on from the initial meeting we had, for the launch of this important book. My chapter was entitled “seventy years of energy sector development in the People's Republic of China” calculated incrementalism.