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China’s reassurance to boosting private businesses

Published

3 years ago

on

As China’s intense crackdown on the private sector continues, the nation’s Vice Premier has made a pledge to support businesses

In a speech, the Vice Premier says “the principles and policies for supporting the development of the private economy have not changed”.

It follows Beijing imposing new regulations on a number of industries from after-school tutoring to broad internet-based platforms.

The VP is President Xi Jinping top economic advisor, meaning his comments carry a lot of weight.

He says that China must stick with its socialists market economy reforms and move forward with opening up the market.

The VP affirmed that the nation’s private sector has contributed to more than half of China’s tax revenue, whilst providing 80 per cent of all urban jobs.

China’s tightening of restrictions and regulations on a number of sectors a few weeks ago caused a widespread panicked selloff, which wiped off 1.5 trillion from Chinese stocks at its lowest point.

Beijing knows it has to support the development of the private industry to ensure an established economy moving forward, whilst also improving employment figures.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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CRUDE OIL FUTURES SELL OFF, INSURANCE STOCKS AT RISK

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2 mins ago

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October 9, 2024

By

Multiple hurricanes hitting the U.S. have sent shockwaves through the stock market.

Oil prices surged to nearly $81 per barrel amid growing concerns about supply disruptions due to escalating tensions in the Middle East and the aftermath of Hurricane Milton.

Israel’s possible strikes on Iranian oil facilities, along with Gulf of Mexico supply issues, have contributed to market volatility.

While prices have since cooled, the global oil market remains highly sensitive to geopolitical developments.

With oil prices up nearly 20% from September lows, market watchers are closely following the potential impacts on global growth and energy security.

As people prepare to weather Hurricane Milton, investors are also forecasting what the damage will be to the economy and markets.

For more, we’re joined by Greg Halter, the Director of Research at Carnegie Investment Counsel.

#IN AMERICA TODAY #trending #stockmarkets #HurricaneMilton #crudeoil

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Reports show that workplace mental health is at an all-time crisis point, demanding proactive strategies

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18 hours ago

on

October 8, 2024

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As Mental Health Week highlights the urgency of action, businesses are being urged to shift their mindset from compliance to proactive mental health strategies.

As Mental Health Week highlights the urgency of action, businesses are looking to implement crucial forward actions to boost workplace resilience.

  • Mental Health Crisis: Workplace mental health and wellbeing are at a crisis point, demanding urgent action from businesses.
  • Costly Impact: Business owners and senior leaders recognise the financial strain mental health issues place on organisations, yet solutions remain unclear.
  • Leveraging Laws: Psychological safety laws offer a framework to reverse the costly impact of workplace mental health challenges.
  • Mindset Shift: A change in approach is required, viewing mental health regulations as opportunities for long-term, sustainable success rather than a compliance burden.

Sharné Lategan, Psychological Safety Expert and Growth Mindset Coach of Grow and Expand, joins to share her expert analysis into workplace physiology, bringing awareness during Mental Health Week. 

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Experts reveal AI’s impact on the retail experience in Australia

Published

19 hours ago

on

October 8, 2024

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AI has become a game-changer for marketers and retailers in Australia, with many consumers reacting positively to AI integration in the retail environment.

 

Retailers are using AI to optimise inventory, personalise shopping, and improve customer service through advanced chatbots.

Shoppers now enjoy personalised recommendations and seamless online shopping experiences.

Predictions suggest more personalised experiences and smarter shopping platforms within the next 12 months.

Will Wilson, RVP of Sales APJ at SAP Emarsys joins to share his insights into how AI is streamlining success on a large scale.

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