Tag: China
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IMF Lifts China Growth Forecast to 5%
The International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% a few weeks ago to reflect a strong expansion at the start of 2024 and additional support from the government. The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to…
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China’s Oil Demand Outlook Darkens…
As OPEC+ prepares to review global oil markets, trouble is brewing in the group’s biggest customer. Chinese oil refiners are cutting processing rates as flagging factory strength and a housing crash crimp demand for plastics and fuels used in construction. The Asian giant is reining in crude purchases from Saudi Arabia and a key grade…
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The amazing things China new remote sensing satellite can do
China on Sunday launched a Long March-2D carrier rocket, placing a remote sensing satellite in space. The rocket blasted off at 7:45 a.m. (Beijing Time) from the Xichang Satellite Launch Center in the southwestern province of Sichuan and sent the Yaogan-42 02 satellite into the preset orbit. It was the 517th flight mission of the…
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How will China deliver a better life for the people in 2024?
China’s ultimate goal is to deliver a better life for the people, Chinese President Xi Jinping said during his New Year address on Sunday in Beijing to ring in 2024. “Our children should be well taken care of and receive good education. Our young people should have the opportunities to pursue their careers and succeed.…
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Spain emerges Nigeria’s top export destination
Spain has emerged as the country’s top export destination, accounting for a remarkable 12.31 per cent of total exports, valued at N1.27 trillion. This was followed by India with N1.02 billion (9.81 per cent), Netherlands with N988.66 billion (9.56 per cent), Indonesia with N758.59 billion (7.33 per cent) and France with N720.45 billion (6.96 per…
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China increases efforts in high-tech
China’s leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs Lending data from China’s central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled property sector fell 0.2% year-on-year but lending to the manufacturing sector jumped 38.2%. Economists…
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Vlogger on fire for cooking 90-kg alligator
A Chinese food vlogger sparked the ire of social media users after posting a video on Douyin that demonstrated how to kill and cook a 90-kg alligator. It was a three-minute video posted by “Chu Niang Xiao He.” In the video, she demonstrates the process of washing, gutting, skinning and deboning the alligator to prepare…
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China struggles to reshape the information landscape
The Chinese (China) government is spending billions of dollars annually into a global campaign of disinformation, using investments abroad and an array of tactics to promote the country’s geopolitical aims and squelch criticism of its policies, according to a new State Department assessment. Beijing’s broad-ranging efforts, the assessment said, feature online bot and troll armies, legal…
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The U.S. Watches as China Moves Ahead in Africa
China’s support for the ideologically driven freedom movements in Africa during the Cold War years was paid back when the African vote in 1971 pushed China over the threshold to claim its seat at the United Nations. While their mutual interest is the legacy of those times, mutual economic and strategic interests have drawn them…
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‘China is angry’: Taiwan anxiety rises as sabre-rattling grows
The tank traps on the beaches of Kinmen Island are a stark reminder that Taiwan lives under the constant threat of a Chinese invasion – and fears of a conflict breaking out are now at their highest in decades. Democratic Taiwan has learned to live with the warnings of Beijing’s authoritarian leaders that they are…