Category: Business
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China’s efforts to lift Xinjiang’s economy may smother it
C HINESE OFFICIALS used to insist that social harmony in Xinjiang could be achieved only by developing the far-western region’s economy. But in 2014 the government began to argue that for economic development to occur, stability was needed first. This small shift in wording heralded the fiercest storm. Listen to this story Your browser does…
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Despite UK’s vaccine success, it will take time for consumer habits to return
Mothballed planes and deserted terminals tell their own story. Aviation has been one of the sectors hit hardest by the pandemic and looks like being one of the last to recover. Unless things pick up in the next six months Heathrow will see fewer passengers this year than it did in 2020. It doesn’t come…
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US Senate votes to ban products from China’s Xinjiang over Uyghur abuses
Show caption An employee working at a textile factory in Korla, Xinjiang Uygur Autonomous Region of China in April. Photograph: VCG/Getty Images Uyghurs US Senate votes to ban products from China’s Xinjiang over Uyghur abuses Latest effort in Washington to punish Beijing for what officials say is an ongoing genocide against Uyghurs and other Muslim…
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China: A non-narrative country
China celebrated its Army Day on 1st August. The USSR narrative was of liberation from capitalist oppression. The American narrative is about freedom and liberty. These values lead to a lot of mistakes but they are part of the quest for freedom. These narratives are not “the truth” but they have a drive, a global…
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Who Is Qin Gang, China’s New US Ambassador?
Qin has little U.S. experience, unlike his predecessors. But he may have something even more valuable: direct access to Xi Jinping. In the early morning of July 29, Beijing time, Chinese Foreign Ministry spokesman Hua Chunying tweeted a video to wish “Ambassador Qin Gang” a “safe and smooth journey across the Pacific Ocean.” The official…
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Threat to UK from hostile states could be as bad as terrorism, says MI5 chief
Show caption Threat update from the director general of MI5, Ken McCallum, shifts focus towards hostile state activity. Photograph: Stefan Rousseau/PA MI5 Threat to UK from hostile states could be as bad as terrorism, says MI5 chief Ken McCallum says public should be alert to threat from China and Russia Dan Sabbagh Defence and security…
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China’s Growing Ties With Indonesian Provinces
Getting close to Indonesian provinces is a key goal of Chinese diplomacy and crucial for the implementation of the Belt and Road Initiative. In the midst of growing ties between China and Indonesia, one facet has been largely overlooked: the increasing partnership between both countries’ provinces. As a trading partner and export destination as well…
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Xi vs Biden, petrol prices in Lebanon, and Nigerian bank workers
We round up the numbers from the week’s top economic stories to keep you up to date. Another week has passed and Friday has arrived. And no one can say this was a slow news week. While millions are enjoying post-pandemic life in restaurants and bars and workout classes, the deadly Delta variant of the…
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The long goodbye to covid-19
W HEN WILL it end? For a year and a half, covid-19 has gripped one country after another. Just when you think the virus is beaten, a new variant comes storming back, more infectious than the last. And yet, as the number of vaccinations passes 3bn, glimpses of post-covid life are emerging. Already, two things…
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China’s crackdown puts at least 70 IPOs, billions in fees on ice
Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, they’ve had a rude awakening. Deals are being shelved and investors are nursing heavy losses. A chill has settled over global finance after a fortnight in which China first cracked down on its Uber-like Didi Global…