ASIA:   Meeting China’s annual economic targets is not optional, Premier Li Qiang said, with a strong message calling for increased resources and policy coordination. During a State Council meeting on Wednesday, Li stressed the need to expand domestic demand, boost private enterprise, attract foreign investment and build a modernized industrial system as China […]

ASIA:   The People’s Bank of China has reduced interest rates for medium-term lending and reverse repos, with a 15 basis point decrease for MLF (now 2.5%) and a 10 basis point decrease for reverse repos (now 1.8%). This move aims to counter the effects of the tax payment peak and maintain reasonable banking system […]

  ASIA: The Argentine government has reached an agreement with the People’s Bank of China to obtain US$1.7 billion in yuan through currency swaps. This will help them fulfill their payment obligations of US$2.7 billion to the International Monetary Fund. To cover the remaining balance, they will receive a loan of US$1 billion from the […]

ASIA: In July, India’s manufacturing activity showed a slight easing for the second consecutive month, as per a private business survey by S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) declined marginally to 57.7 from 57.8 in June but was slightly higher than expected (57.0). Despite the moderation, the pace of expansion remained healthy, with […]

Most people are unaware that the agency that was created to regulate the international telegraph has seized authority over the technology of AI when they lack any understanding of the subject. This is the International Telecommunication Union (ITU), and its global regulations are trying to now tackle AI. This is part of the United Nations […]

  I have been very busy with the whole NATO meeting and questions coming in from important sources. Fortunately, there are some who are looking at our model’s forecast. NATO has stated that while Ukraine can join the military alliance, that will only happen “when allies agree and conditions are met.” Zelensky, who I have […]

  ASIA:   China’s exports have experienced a significant decline, marking the fastest drop since the beginning of the COVID-19 pandemic three years ago. The weakened global economy has intensified the pressure on Chinese policymakers to implement new stimulus measures. In June, outbound shipments from China, the world’s second-largest economy, plummeted by a higher-than-anticipated 12.4% […]

ASIA:   A working group of the Reserve Bank of India has stated that the increased use of the Indian rupee in international trade and capital account transactions will lead to the currency gaining international acceptance. The group suggests promoting the rupee for import and export without any limits, allowing non-residents to open rupee accounts […]

Over 1,500 “global leaders” from 90 countries met in North China’s Tianjin municipality for the World Economic Forum’s Summer Davos. Chinese Premier Li Qiang opened the conference by discussing China’s economic success amid modernization. China’s growth is expected to accelerate during the second half of the year. The International Monetary Fund (IMF) foresees China alone […]

Kiev’s Great Offensive has been unimpressive, to say the least.  Ukrainian Defense Minister Aleksey Reznikov has claimed that he has yet to deploy the bulk of its Western-trained forces he keeps in reserve for this much-touted counteroffensive against Russian forces. They have only been able to capture a few small villages quite some distance from […]