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Li Qiang: “China can be an ‘anchor for world peace’

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Premier Li Qiang was keen to portray China as a stable presence in Asia despite increased global tensions

 
China’s new Premier says his country can be an “anchor for world peace”, and called for an avoidance of “chaos and conflict” in Asia.

Premier Li Qiang made the comments at a Boao Forum in Hainan.

This was a keynote speech for Premier Li – the man who was just recently installed as the second-most powerful leader in China behind President Xi Jinping.

Mr Li was speaking at the Boao Forum – which is often seen as an Asian version of the World Economic Forum.

The audience included some notable names including prime ministers from Spain, Singapore and Malaysia and the managing director of the IMF.

Mr Li was keen to portray China as a stable presence in Asia despite increased global tensions – and he even described his country as an anchor for global peace and development.

He also stressed that Chaos and conflict must not happen in Asia – warning that the future of the continent could be lost.

As Chinese Premier – Mr Li has the job of managing the world’s second largest economy and it’s a considerable challenge given how damaging years of covid restrictions have been for China’s growth.

But he was pretty bullish in this speech, pointing to a rebound in China’s economy at the start of this year – with improvements in retail spending and investment in real estate.

He’s also continuing to try and drum up more foreign investment – promising that Beijing is willing to reopen to the world and reform their business practices.

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Markets brace as U.S. government reopens ahead of key Fed signals

U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.

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U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.


The U.S. government is funded through January, averting another shutdown for now, but economic data delays and shifting Fed expectations are keeping traders on edge.

Markets now price in a 64% chance of a December rate cut as officials deliver crucial speeches this week.

#USMarkets #FederalReserve #GovernmentShutdown #InterestRates #USEconomy #WallStreet #Inflation #Treasury #FinanceNews #GlobalMarkets


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Starmer under strain as leadership rumours grow

Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.

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Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.


UK Prime Minister Keir Starmer faces mounting internal pressure amid talk of a leadership challenge and economic strain ahead of the Autumn Budget.

Chancellor Rachel Reeves’ looming tax decisions and Starmer’s sinking approval ratings are fuelling speculation across Westminster.

#UKPolitics #KeirStarmer #LabourParty #RachelReeves #AutumnBudget #LeadershipChallenge #BritishPolitics #Westminster #Economy #UKNews


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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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