Mao Ning, the Chinese Foreign Ministry spokesman, said Monday that the current situation in Gaza is “quite dire” and said Beijing supports “all efforts aimed at de-escalating the conflict and restoring peace” in the coastal city.
Tag: China
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CHINA CONTINUES TO FOSTER TIES WITH LATIN AMERICA, URUGUAY LATEST EXAMPLE
Former diplomats say the U.S. is missing out on what could be strategically important ties in Latin America, as China continues its outreach in the region as the Biden administration struggles with ineffective engagement.
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RUSSIA, CHINA SEE ISRAEL’S RELENTLESS BOMBINGS IN GAZA AS CHANCE TO SHOW WORLD IT’S MORE HUMANE THAN U.S.
Israel’s genocide in Gaza gives Russia and China an opportunity to present themselves to much of the world as countries that stand for peace and human rights—while the U.S. finds itself—once again—marred in a conflict thousands of miles away.
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SPOTLIGHT: CHINA’S ECONOMY
In September, foreign direct investment (FDI) in China totaled about $10 billion, down 34 percent year over year and the biggest decline since at least 2014 when figures first became available, the Financial Times reported.
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CHINA LEADS WORLD’S CENTRAL BANKS TO RECORD GOLD PURCHASES
Central banks around the world bought roughly 800 metric tons of gold this year through September, 14 percent more than during the same period in 2022 to set a new record, according to the World Gold Council, a rate the council called “voracious.”
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BAIDU LAUNCHES RIVAL TO CHATGPT
China’s Baidu, which ranks among the world’s top tech firms and operates the country’s most popular search engine, has launched an AI that it says will pose competition to OpenAI’s iconic ChatGPT.
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SPOTLIGHT: CHINA’S ECONOMY
The Chinese government has announced a trillion-yuan boost (about $1.4 billion) to domestic spending, breaking its long-standing limit of a deficit no larger than 3 percent of GDP. That will dig the annual budget hole deeper than it has been in 30 years, according to figures cited by Bloomberg.
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CHINA, RUSSIA RISING WHILE U.S. IS DECLINING: XI, PUTIN DESCRIBE ‘FAIRER, MULTIPOLAR’ WORLD
Russian President Vladimir Putin met Xi Jinping, his Chinese counterpart, in China last week and the two expressed interest in building their no-limits partnership and their visions for a “multipolar world” not led by any one country.
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SPOTLIGHT: CHINA’S ECONOMY FAILS TO IMPROVE
China exported 6.2 percent fewer goods in September than in August, notching the fifth consecutive month of declines, although the rate of decline slowed from 8.8 percent the month before. Imports also shrank by 6.2 percent, according to customs data reported by the Associated Press.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
With their country facing an extended period of economic uncertainty, well-off Chinese are sneaking cash out of the country with the help of people they have never met or even spoken to, using a system known as hawala.