The People’s Bank of China cut benchmark interest rates for the third time in six months on 11 May, and has lowered lenders’ reserve ratios twice this year to revive growth in the world’s second-largest economy. Prospects for further government stimulus continue to draw buyers, sending the Shanghai Composite Index up 8.1% https://1investing.in/ last week. “The presence of a much larger pool of capital, domestic Chinese institutions as well as foreign institutions now that are willing and able to invest creates demand for those securities that wasn’t there before,” David Riedel, president of New York-based Riedel Research Group Inc., said by phone 13 May.
Economists polled by The Wall Street Journal had estimated new claims would total a seasonally adjusted 275,000. The latest data followed upwardly revised job gains of 312,000 in September, and upwardly revised job gains of 483,000 in August, when labor market recovery slowed amid a Delta variant-fueled Covid-19 surge. US equities advanced for the week as Wall Street parsed the Federal Reserve`s tapering announcement and a slew of economic data. Ahead of a key ministerial meeting of the World Trade Organization this year, India, China and 50 other developing countries are working on a proposal to be able to purchase, stockpile and distribute food to ensure food security. “We firmly deplore and oppose the Canadian side deliberately confusing right and wrong and once again making erroneous comments, and we have lodged stern representations,” Zhao told a regular news briefing.
Investing.com – Global stock markets edged lower in low-volume trade on Monday, as falling oil prices weighed on sentiment on the first day of the final trading week of 2015. In a publicly released joint statement, the Dutch Representative of the Netherlands to the UN said that all the countries “continue to be gravely concerned about the human rights situation in Xinjiang Uyghur Autonomous Region”. While regulators have taken steps to weed out speculators, they’ve also sought to expand the role of equity markets in helping companies raise funds as the government reins in credit expansion. Beijing has accelerated reviewing companies’ applications for initial public offerings since April. More than 120 newly listed companies have started trading so far this year, almost matching the total for all of 2014.
They added that such an outcome could spark an equities rally and would likely put downward pressure on the dollar. The futures market currently shows investors believe the target U.S. federal funds rate will peak around 5.1% by next June, and the chances of a rise of 50 or 75 basis points are tilted in favour of a half-point increase nex month. Chinese authorities also began an exchange link between the Shanghai and Hong Kong bourses in November that has allowed international investors greater access to its domestic equity market. Although a brief and localised affair restricted to the border areas, defeat in the war raised Indian awareness about the imperatives of safeguarding national security based on a correct understanding of international politics.
Surging participation among individual Chinese investors is helping fuel the market’s breakneck climb. Individuals comprise about 80% of equity trading and stock accounts with non- zero balances are rising at the fastest pace since at least 2008, according to data from the China Securities Depository and Clearing Corp. As part of a lasting solution for their public stockholding programmes, the developing countries want programmes such as procurement of food products from farmers at minimum support price and their distribution at subsidised rates to the poor, included in the global rules of agriculture.
No major company highlights the difficulties of forecasting in the current market more than China Railway Group Ltd. The stock has surged 707%, boosting its market capitalization to 377 billion yuan ($61 billion), in line with some of the biggest US companies such as Hewlett-Packard Co. and MetLife Inc. “There’s so much money in the market,” Li said. “It’s a bit embarrassing to re-rate companies at this point.” With the Beijing-based company trading at 5.13 yuan, or 83 cents, in August, she called for a 21% gain, to 6.20 yuan, over the next year.
Morgan Stanley downgrades India to ‘underweight’, turns overweight on Taiwan, S Korea
She raised her projection to 7 yuan in October, and then 11 yuan in December and 18 yuan in March. The stock reached a record 35.88 yuan last month before ceasing trading as the company completes a merger with Beijing-based China CNR Corp. A separate report by the Labor Department on Thursday showed that US initial jobless claims, a rough way to measure layoffs, registered 269,000 in the week ending October 30, a decrease of 14,000 from the prior week`s revised level.
The Chinese government allowed personnel from the Canadian embassy to hold virtual talks for the first time since January with Michael Kovrig and Michael Spavor, who were indicted this summer on spying charges. A day earlier in Ottawa, Trudeau said Canada would work with its allies to steer the Chinese government off the assertive foreign policy course it’s taken under President Xi Jinping. Relations between the two countries soured after the 2018 arrest of a top Huawei Technolgoies Co. And frequently, the tendency of Beijing prioritising development over human rights, or as Sophie Richardson phrased, “China’s push for rights-free development”, potentially makes the UN’s normative progression seem largely anachronistic.
Beijing’s approach of late has been scaling down the norms of human rights while playing up sovereign rights. In view of the gravity of the OHCHR assessment, UN member states said they are concerned that China has so far refused to discuss its findings and urged the Chinese government to uphold its international 10 Steps to Becoming a Profitable Binary Options Trader human rights obligations and to fully implement the recommendations of the OHCHR assessment. George Saravelos, global head of FX strategy at Deutsche Bank, said investors now wanted more to finance the country’s deficits, including a 200-basis-point rate hike by November and a terminal rate up at 6%.
The recent sharp correction in some of the major emerging markets has turned the risk-reward favourable, prompting Morgan Stanley to turn positive on emerging market equities in Asia. This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Further tightening of financial conditions shall put downward pressure on risk assets and strengthen the dollar.
It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. China has not forgotten Japan’s support after the 1972 normalisation, and even though his country has become a major power, the two countries can learn from each other. China can provide a huge market for Japan and further contribute to the Japanese economy, he said. Japan considers China a security threat and is particularly worried about Chinese naval activity around Japanese-controlled islands in the East China Sea that Beijing also claims. Opinion polls have given Truss – currently Britain’s foreign minister – a big lead over Rishi Sunak, who quit as finance minister in July to contest the Conservative Party leadership race, which ends on Monday with an announcement of the winner. The Nifty50 index plunged by more than 1 per cent for the second consecutive day in a row, and it looks like the index officially entered a ‘sell on rise’ zone.Crucial support for the index is at 200-DMA around 17,000, then at 16,800, while 17,200-17,500 will likely act as a hurdle, suggest experts.
China: 50 UN Member States Condemn Xinjiang Rights Abuses
Amid the ‘ill-thought-out’ retreat by the Trump administration, and to some extent the European Union , the balance of power has apparently shifted at the UN. While China and its alignment with Russia are gradually gaining ground against the West in the global human rights system, Beijing has also sought to slash the budget for human rights monitoring. It had previously declined to schedule visits by many ‘special rapporteurs’ who review and monitor the accountability of UN member states on human rights issues. Furthermore, China maintains a policy of not commenting, condemning or criticising human rights practices in other countries — irrespective of the gravity of the violations. The UN members state that the release of the Office of the United Nations High Commissioner for Human Rights assessment of human rights concerns in Xinjiang corroborates these concerns in an impartial and objective manner. “We are gravely concerned about the human rights situation in the People’s Republic of China, especially the ongoing human rights violations of Uyghurs and other predominantly Muslim minorities in Xinjiang,” read the joint statement of 50 countries in the UN General Assembly Third Committee on the human rights situation in Xinjiang, China.
Traders cited dollar demand by foreign banks at the daily Reserve Bank of India fixing rate, as well as by oil companies for Thursday’s drop. The tech-heavy Nasdaq led Wall Street’s main indexes higher on Tuesday as data providing further proof of cooling inflation boosted bets of smaller interest rate hikes by the Federal Reserve.The Labor Department’s producer prices index rose 8% in the 12 months through October, lower than an estimated 8.3% rise, according to a Reuters poll of economists. There is a huge cash dollar demand in both the spot and forwards markets, a trader with a private said, adding that foreign banks are likely buying on behalf of their importer clients. Notably in the missive, they also underscored the deteriorating human rights and freedom in Hong Kong and Tibet- both regions where China has waged an indirect war of attrition to overhaul their sovereignty. Speaking about Xinjiang, they called on Beijing to implement international recommendations and address the concerns.” We urge China to ensure full respect for the rule of law, to comply with obligations under national and international law with regard to the protection of human rights and to ratify the ICCPR,” they said in the letter. Analysts have been scrambling ever since, updating predictions, then re-updating them and re-re-updating them as stocks blew by their target prices.
But, what are the motives driving Beijing to play a leadership role — contrary to its long-held foreign policy tenets – ‘keeping low profile’? In 1997 and 1999, China vetoed resolutions that would extend peacekeeping support to Guatemala and Macedonia as their diplomatic relations with Taiwan “infringed upon China’s sovereignty and territorial integrity”. The UN member states stressed that addressing human rights violations, engaging in meaningful dialogue, and working together as partners are foundational to creating more inclusive societies where all can fully enjoy their human rights. Market experts attribute this rally to various reasons, including peeking out of inflation, steep fall in the crude oil prices, inflows from global investors, higher retail participation, India Inc’s earnings and solid growth prospects. A split Congress would diminish the outlook for fiscal support measures, leading to investors to expect the Fed to sooner become less aggressive in raising interest rates, strategists at Saxo Markets wrote.
China lashed out at Canada after Prime Minister Justin Trudeau vowed to stand up to Beijing’s “coercive diplomacy.” The rebuke marred the 50th anniversary of diplomatic relations between the two countries, established by Trudeau’s late father, former Prime Minister Pierre Elliott Trudeau. Foreign Ministry spokesman Zhao Lijian told reporters Wednesday that the Canadian government was “hypocritical and weak” for failing to acknowledge that its cooperation with a U.S. extradition request against a Chinese executive was the source of their diplomatic strains. The year 2021 is a truly remarkable one for the People’s Republic of China as it marks the 100th anniversary of the establishment of the Communist Party of China and the 50th anniversary of the restoration of Beijing’s lawful rights in the United Nations. The Nationalist government of China had been an original signatory to the UN Charter in 1945, and even after the formation of the PRC in 1949, the Republic of China had continued to hold the China seat. As an independent media platform, we do not take advertisements from governments and corporate houses.
- The tech-heavy Nasdaq led Wall Street’s main indexes higher on Tuesday as data providing further proof of cooling inflation boosted bets of smaller interest rate hikes by the Federal Reserve.The Labor Department’s producer prices index rose 8% in the 12 months through October, lower than an estimated 8.3% rise, according to a Reuters poll of economists.
- With the Beijing-based company trading at 5.13 yuan, or 83 cents, in August, she called for a 21% gain, to 6.20 yuan, over the next year.
- In the weeks that followed, China locked up two Canadians on national security charges and halted billions of dollars of agricultural imports.
- The Nifty50 index plunged by more than 1 per cent for the second consecutive day in a row, and it looks like the index officially entered a ‘sell on rise’ zone.Crucial support for the index is at 200-DMA around 17,000, then at 16,800, while 17,200-17,500 will likely act as a hurdle, suggest experts.
- “The presence of a much larger pool of capital, domestic Chinese institutions as well as foreign institutions now that are willing and able to invest creates demand for those securities that wasn’t there before,” David Riedel, president of New York-based Riedel Research Group Inc., said by phone 13 May.
Energy firms slipped 1.1%, while miners shed 0.4%, as worsening COVID-19 outbreaks in China receded hopes of recovering demand for raw materials. The National Highways Network will receive an investment of Rs 20,000 crore to add 25,000 Kms in the current fiscal. Private investment is invited for four Logistics Parks in the form of a Public-Private Partnership . Policies such as 100% FDI under the automatic route have been set to ease foreign investment in India.
UK’s FTSE 100 falls as miners, energy stocks weigh
It is as a part of the consequent national effort to spread awareness and generate debate about national security and international affairs that the Institute for Defence Studies and Analyses was established in November 1965 as an autonomous society. Since then, IDSA has been at the forefront of the Indian debate on all issues pertaining to national security including the India-China security dynamic. Over these years, IDSA’s publications—its journals, books, and in recent years the website—have been serving as a forum for expert analyses on the India-China War itself, the border dispute, the security dynamic in India-China relations and the trajectory of India-China relations. As we approach the 50th anniversary of the start of the India-China War of 1962, we present here a select list of books, articles, issue briefs and commentaries that have been published by the IDSA over the last 40-plus years. In the weeks that followed, China locked up two Canadians on national security charges and halted billions of dollars of agricultural imports.
Wants elections to be held soon in J&K, we have to see security point of view also: Shah
The rally that outran their forecasts is now making their jobs even more difficult as they try to assess the prospects of companies trading at multi-year highs with the possibility of further government stimulus. A year ago, analysts who cover the 50 largest companies trading in Shanghai and Shenzhen said equities were set to rally 28%. Turns out they weren’t anywhere near optimistic enough, as monetary easing and a buying frenzy among Chinese retail investors sent shares surging 111% through last week. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed. While stocking and distributing food is permitted under WTO rules, governments purchasing food at prices higher than market prices are considered to be subsidising their farmers. Indeed, Beijing’s approach in recent years has been seen as a scaling down of the norms of human rights while playing up sovereign rights.