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Xi Jinping’s chaotic relationship with Australia

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Xi Jinping, the current President of the People’s Republic of China, has had a long and complicated relationship with Australia.

Throughout his lifetime, he has visited the country five times – more than any of his predecessors. He is also the only leader of the Chinese Communist Party (CCP) to have visited all states and territories within Australia.

During his last trip, then-prime minister Tony Abbott gave Xi a special gift – a photograph of his father, Xi Zhongxun, with former NSW premier Neville Wran in 1979. Xi’s father once said he had “seen and learned many things” during his trip to Australia all those years ago.

But 43 years later, Beijing’s attitudes to Canberra are a far cry from what they were back then. Let’s take a look at how Xi Jinping’s relationship with Australia has changed over the years.

1979 – Xi Zhongxun Meets with Neville Wran

Xi Zhongxun was an influential Chinese politician who served as Vice Premier of China from 1980 to 1982. He was also the father of current President Xi Jinping. In 1979, during a state visit to Australia, Zhongxun met with then-NSWPremier Neville Wran. This meeting was considered to be groundbreaking at the time, as it was the first time a high-ranking CCP official had met with an Australian state premier.

2003 – Hu Jintao Meets with John Howard

In 2003, Hu Jintao succeeded Jiang Zemin as General Secretary of the CCP and President of China. During his time in office, he continued to build upon the economic reforms that had been put in place by Deng Xiaoping. He also worked to improve China’s relationships with other countries, including Australia. In 2003, he met with then-prime minister John Howard in Beijing. This meeting resulted in the signing of the China-Australia Free Trade Agreement (ChAFTA), which came into effect in 2015.

2013 – Xi Jinping Meets with Julia Gillard

By 2013, Xi Jinping had become the General Secretary of the CCP and President of China. He made his first state visit to Australia that year, meeting with then-prime minister Julia Gillard in Canberra. The two leaders discussed a range of issues, including trade and investment ties between China and Australia. Gillard also announced that she would be working towards ratifying ChAFTA during her time in office.

2017 – Malcolm Turnbull becomes Prime Minister after leadership spill

In September 2015, Malcolm Turnbull replaced Tony Abbott as leader of the Liberal Party and prime minister of Australia following a leadership spill. One month later, he made his first official visit to China as prime minister. During this visit, he met with President Xi Jinping and other high-ranking officials to discuss trade relations between China and Australia. Turnbull also became the first Australian prime minister to address students at Tsinghua University in Beijing.

Since 1979, when Xi Zhongxun meet with Neville Wran, Beijing’s attitude towards Canberra has changed significantly. In recent years, under the leadership of Xi Jinping, relations between China and Australia have become increasingly strained. This is due to a number of factors, including Australia’s decision to ratify ChAFTA and our relationship with the United States.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Unlocking the salary puzzle: 5 strategies for job interview success

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Navigating the delicate subject of salary expectations during a job interview can feel like tiptoeing through a minefield.

The mere mention of the question often sends shivers down the spines of even the most seasoned job seekers. Yet the job interview process could be the one time where you can set the expectations and avoid resentment later down the track.

To shed light on this daunting aspect of the interview process, I turned to a diverse array of colleagues spanning various industries and experience levels for their insights.

Here are five strategies they shared on how to approach the tricky topic of salary during a job interview:

The question

The question “What are your salary expectations?” ranks high among the most nerve-wracking inquiries in a job interview.

Many find themselves grappling with the fear of undervaluing their worth or pricing themselves out of contention.

To alleviate this anxiety, it’s crucial to arm yourself with knowledge about the prevailing market rates for your role.

Conduct thorough research using resources like salary.com or leverage your professional network to gain insights into industry standards.

Equipped with this information, you can confidently propose a salary range that aligns with your expertise and experience.

Do your homework

Crafting a data-driven argument can bolster your negotiation stance during salary discussions.

Rather than relying solely on personal preferences or vague assurances of contentment with the offered salary, present concrete evidence supporting your value proposition.

Referencing industry benchmarks and your own market value demonstrates a proactive approach to advocating for fair compensation. Striking a balance between assertiveness and flexibility can further underscore your willingness to engage in constructive dialogue.

Ask questions

In cases where uncertainty looms over salary expectations, consider seeking clarification on the salary band for the role.

This approach not only empowers you with valuable insights into the organization’s compensation structure but also provides a framework for anchoring your negotiation strategy.

Armed with knowledge of the salary range, you can position yourself strategically, aiming for a figure that reflects your skills and contributions while remaining within the realm of reason.

Set the bar

Taking a proactive stance by aiming higher than your desired salary can be a savvy negotiation tactic.

By setting the bar slightly above your target, you create room for concessions while signaling your confidence in your worth.

Transparency regarding your salary expectations, coupled with a willingness to engage in meaningful discussions, can foster an environment conducive to negotiation. Remember, if a potential employer values your contributions, they will likely be open to exploring mutually beneficial arrangements.

Broader package

Leverage the discussion on salary expectations as an opportunity to delve into the broader benefits package offered by the organization. Instead of fixating solely on monetary compensation, inquire about additional perks such as health insurance, retirement plans, or professional development opportunities.

This holistic approach demonstrates your consideration of long-term career prospects and organizational fit, transcending the narrow confines of salary negotiations.

Navigating discussions about salary during a job interview can be daunting, but with strategic preparation and a clear understanding of your worth, you can approach these conversations with confidence and poise.

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Money

March surprise: What will the Fed Reserve do this week?

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As anticipation builds ahead of the Federal Reserve’s highly anticipated March meeting, the major US stock indexes have retreated from their record highs, setting the stage for a pivotal week in the financial markets.

On Wednesday, the tension surrounding the Fed’s monetary policy decision will reach its climax.

At 2:00 p.m. ET, the US central bank is scheduled to unveil its latest policy stance and updated economic projections, with investors eagerly awaiting clarity on a crucial question: does the Fed still anticipate three interest rate cuts in 2024?

Recent data indicating persistent inflation levels, contrary to earlier expectations of a rapid decline, has led market forecasts to adjust, now projecting three rate cuts instead of six for the year.

Consequently, the focus shifts to whether the Fed will adjust its stance in response to this prolonged inflationary pressure.

The New York Stock Exchange

Earnings reports

In addition to the Fed’s meeting, this week’s calendar features notable corporate earnings reports, including those from Nike, Lululemon, FedEx, and Micron, scheduled for Thursday.

The IPO market will also witness Reddit’s public debut under the ticker symbol ‘RDDT’ on Thursday, offering insights into the resurgence of new listings in 2024.

Rising food prices drive consumers to embrace buy now, pay later

Meanwhile, Nvidia’s annual GTC conference on Monday will draw attention as investors seek updates on the company’s product roadmap amidst surging demand for its chips driven by the AI boom.

With regards to the Fed, investors are not anticipating any changes to the benchmark interest rates, expected to remain within the range of 5.25%-5.50%, consistent since July last year.

Instead, the focus will be on the Fed’s Summary of Economic Projections (SEP) and Chairman Jerome Powell’s subsequent press conference, which will commence 30 minutes after the policy statement release.

 

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Rising food prices drive consumers to embrace buy now, pay later

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As food inflation continues to grip the nation, more people are turning to buy now, pay later (BNPL) services to navigate the soaring costs of groceries and takeout meals.

With financial pressures mounting and budgets stretched thin, BNPL has emerged as a lifeline for consumers across various income brackets, allowing them to manage their expenses amidst economic uncertainty.

Recent research from PYMNTS Intelligence reveals that approximately 15 million consumers, constituting 6.5% of the US population, relied on BNPL installment loans to cover their grocery bills or manage weekly food expenditures last year.

Buy now, pay later reforms released

Even higher-income households, earning over $100,000 annually, have embraced this payment method, albeit to a lesser extent.

Cost-cutting

The persistently high food prices have prompted households across the income spectrum to adopt cost-cutting measures. While some consumers opt for more affordable grocery stores or compromise on the quality of their purchases, others turn to BNPL to alleviate immediate financial burdens associated with food purchases.

In a bid to attract price-conscious consumers, major food chains like McDonald’s are devising strategies to offer compelling deals and affordable meal options.

However, not everyone is resorting to BNPL for their food purchases.

Some consumers prefer to tighten their belts by dining at home more frequently amid the prevailing economic uncertainty.

Despite the convenience offered by BNPL services, financial experts caution against overreliance on these installment loans.

While BNPL may seem harmless for smaller purchases, there is a risk of accruing unnecessary debt if not managed responsibly.

Delinquent payments could adversely affect one’s credit rating, underscoring the importance of prudent financial management.

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