Washington: If the Chinese government intends to make its currency Yuan the global reserves currency, they have to implement more reforms. The International Monetary Fund (IMF) advised that China will have to lift restrictions on the capital marketplace and decide to make the currency fully convertible. Gita Gopinath, the Chief Economist at the IMF, gave […]
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Shanghai: In the last month, the number of Coronavirus patients in China’s economic capital, Shanghai, has gone up to one lakh. The foreign press and analysts have claimed that this incident reveals that the ‘Zero Covid Policy’ implemented by the Chinese Communist Party regime has failed. The local industrialists and commoners have slammed this anti-Covid […]
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Washington: – US National Security Advisor (NSA) warned that China would have to face strategic costs if it supported the Russian attack on Ukraine. A few days ago, Russian President Vladimir Putin had visited China. As per the joint statement published during the visit, China had announced support for Russia on the Ukraine issue and […]
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Washington/Beijing – Cathie Wood, a leading investor from the United States, warned that the US economy is possibly going into recession and the Chinese economy is also being hit. Whereas, British investor Jeremy Grantham cautioned that the US stock market is in the last stage of the Super Bubble and the market may suffer a […]
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Beijing: – The Chinese government has decided to open up the reserve stocks of Diesel due to indications of the Diesel crisis deepening in China. On Sunday, an announcement was made to this effect. Besides, as per information, this is the first time China has opened reserve stocks of Diesel. The energy crisis followed by […]
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Beijing: – The ruling Communist Party has initiated inquiries against the country’s leading banks in the wake of the bankruptcy crisis in Evergrande, China’s leading real estate company. This includes the central bank of China as well as the leading state-owned banks known as the ‘Big Four’. Loans to private companies, including government enterprises in China, […]
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London: – The Coronavirus outbreak, the slowing growth rate and the escalating energy crisis have triggered discontent among Chinese people against President Jinping. President Jinping could launch an attack on Taiwan to divert Chinese people’s attention, same as the Crimean model used by the Russian President in 2014, claimed a leading British newspaper. The intrusion […]
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Washington/Beijing – US analysts claim that China who aspires to be a world superpower, does not have much time left. Analysts say that while China has surpassed many countries of the world, including the United States, the growth cycle is nearing its end in various sectors. The Chinese economy is in a state of meltdown […]
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Moscow/ Beijing: The Chinese Communist Party, which boasted about becoming a superpower, had to rush to Russia to overcome the power outage problem. China has demanded that the electricity supply must be doubled via Amur-Heihe Electric Transmission Line. A Russian company has backed this demand and decided to supply electricity to China from 1 October. Over the last few […]
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Beijing: – Many provinces in China are facing power shortages that have hit foreign companies along with millions of homes. This is due to the Chinese government’s crackdown on coal companies, rising fuel prices and increasing demand for electricity. The power shortage has affected the production of companies like Apple and Tesla in China, and […]
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