Tag: China
Wins for pro-Putin leaders buttress autocracies in Europe.
Hungarian and Serbian elections reinforced pro-Putin leaders' power, with Viktor Orban and Aleksandar Vucic winning overwhelming parliamentary victories. Their wins highlight growing autocratic tendencies in Europe and demonstrate Russia's continued influence in the region through aligned political leadership.
WHO says 99% of the world’s population breathes poor-quality air.
The World Health Organization reports that nearly everyone worldwide is exposed to air that exceeds safe quality limits, with pollutants causing millions of preventable deaths annually by penetrating lungs and bloodstreams.
The U.S. reinstates 352 product exclusions from China tariffs.
The US Trade Representative has reinstated 352 product exclusions from China tariffs, covering a range of industrial and consumer items. The exclusions, originally imposed during the Trump administration, will be effective retroactively from October 2021 through December 2022.
Asia stocks extend losses as Ukraine war, China’s Covid-19 surge hit sentiment
Asian stocks fell on Tuesday as COVID-19 cases in China and ongoing Ukraine war concerns weighed on markets. MSCI's Asia-Pacific index dropped 1.97%, with Chinese stocks leading losses, reflecting broader economic uncertainties and potential demand disruptions.
The first direct contact between Biden and the Chinese president.
In a significant diplomatic move, US President Joe Biden spoke with Chinese President Xi Jinping for the first time since his inauguration. The call raises hopes for de-escalating the ongoing economic and trade war that intensified during the Trump administration.
China offers 31 million in aid to the Afghanistan government.
China has offered a $31 million humanitarian aid package to Afghanistan, announced by Foreign Minister Wang Yi during a regional meeting. The aid aims to address economic challenges, combat COVID-19, and alleviate malnutrition while supporting societal reconstruction.
Bubble tea chain raises US$656m in Hong Kong IPO
Chinese bubble tea brand Nayuki, founded in Shenzhen in 2014 by Peng Xin and Zhao Lin, plans to raise $656 million through its Hong Kong initial public offering. The company will sell 257.3 million shares priced between HK$17.2 and HK$19.8, potentially valuing the founders' stake at over $1.1 billion.
