KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
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1,487 comment(s).Last comment by IDQWE001 2023-10-04 18:00
Prospects for African countries far better than prospects for India for the simple reason that most African countries had 20 years of peace and prosperity and ready to go. U must leave out those with American military bases like Sudan and Chad.
Most of these countries working closely with China to improve infrastructure, learn from China's experiences and path to prosperity. Many of their capital cities already looking as prosperous as KL. already.
Chinese Foreign Minister Qin Gang removed from post after only 7 months
Chinese Foreign Minister Qin Gang was officially removed from his position Tuesday after a month-long disappearance, appearing to bring an abrupt end to his meteoric rise within the ranks of China’s opaque political system.
“The lengthy silence has been hugely damaging for Chinese diplomacy,” said Neil Thomas, a fellow for Chinese politics at the Asia Society Policy Institute in Washington. “The party’s addiction to secrecy in its internal operations is now having a debilitating effect on the country’s ability to work with the outside world.” Qin’s dismissal was announced by Chinese state media Tuesday after a hastily convened and unusually short meeting of the National People’s Congress Standing Committee, a top decision-making body of China’s rubber-stamp parliament. The committee gave no reason for Qin’s removal, and Wang was returned to foreign minister in his place. The initial announcement “raises more questions than answers” about Qin’s removal, said Yu Jie, senior research fellow at Chatham House, a British think tank.
It did not give a reason for the change or say whether Qin kept his position as state councilor and on the Chinese Communist Party’s Central Committee, both more senior roles in the official hierarchy.
Tuesday’s sparse announcement did little to quell rampant speculation among overseas Chinese political commentators about what led to Qin’s disappearance or who might eventually take over from Wang, who is 69, as foreign minister.
Some cited Qin’s apparent retention of his more important roles as evidence of a benign explanation such as a health scare. Others noted that the record of his past activities was rapidly scrubbed from the Chinese Foreign Ministry website, suggesting he is in serious trouble politically. A popular but hard-to-verify theory is that Qin had an extramarital affair and is being investigated for violating Chinese Communist Party rules requiring “social morality and family virtues” from officials.
“My guess is we will never know the full story. There could be corruption involved. But the most credible public explanation is the anchor baby,” said Bonnie Glaser, director of the German Marshall Fund’s Asia Program, referring to the alleged affair and speculation that he had a child out of wedlock born in the United States.
If true, that would be “a slap in the face to Xi Jinping, because it implies that Qin Gang doesn’t have confidence in China’s future,” Glaser said.
Probes by China’s powerful anti-graft agency, the Central Commission for Discipline Inspection, are often conducted in secret for extended periods before final punishments are announced.
Whatever the final explanation, Qin’s removal suggests that senior officials lack job security under Xi. “Today, Xi is the only patron who can protect you. If you lose his favor, you are gone,” said Minxin Pei, an expert on Chinese politics at Claremont McKenna College.
Qin’s departure is a shocking fall for a rising star of China’s increasingly assertive diplomacy.
He was seen as a loyalist who had been rapidly promoted under Xi, who broke with established norms when he claimed a third term as China’s top leader last year.
Qin rose quickly to prominence as Foreign Ministry spokesman, then chief protocol officer, arranging many of Xi’s international trips, before becoming vice minister.In July 2021, he was elevated to Chinese ambassador to the United States, but spent barely 18 months in the role before being promoted in December to foreign minister. At 57, he is one of the youngest officials to hold that position.
What a political mess rocket up and down and just disappeared out of sudden. Worse than ISA 3rd world country only happened in communist and dictatorship country. If someone kena ISA at least he would be expected in Kemunting camp.
When US refuse to sell chips to China its their God given right
When China refuse to sell chips to US, its an Act of War.
China is very weak now and still need to kiss ass for another 50 years. Likely removed by ALL the 8 Families for failing to discuss with his superiors his bad decision ie Act of War
What a political mess rocket up and down and just disappeared out of sudden. Worse than ISA 3rd world country only happened in communist and dictatorship country. If someone kena ISA at least he would be expected in Kemunting camp.
The logics of communist if someone no good just send him to ISA and disappear. Lol
Anyway it is the right of the CCP who they choose to be their foreign minister and for Xi jinping to demand all CCP leaders must be scandal free and be good models of morality
BEIJING (Reuters) - China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.
The year-to-date 16.8% fall followed an 18.8% profit decline in January-May, and reinforced a frail economic recovery that brought weaker-than-expected 6.3% growth in the second quarter.
In June alone, industrial earnings shrank by 8.3%, according to data from the National Bureau of Statistics (NBS) on Thursday. Profits were down 12.6% in May.
The struggles confronting Chinese manufacturers were typified by Maanshan Iron and Steel, a major steelmaker, which forecast in mid-July that it would swing to a net loss of 2.24 billion yuan ($314.1 million) for the first half-year from a net profit of 1.43 billion yuan a year earlier.
China's top leaders on Monday pledged to step up policy support for the economy and acknowledged a "tortuous" post-COVID recovery, but analysts saw few signs that aggressive stimulus was likely while concerns are mounting over debt risks.
Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.79 million) from their main operations.
Chinese modernity according to Xi jinping. CCP leaders must lead by example. No mistresses, no sex scandals. Leads a clean and healthy married life. Compared to the norms of pre revolutionary China, this is indeed a very popular development
The logics of communist if someone no good just send him to ISA and disappear. Lol
If qqq migrated to China still does not master his anchient language and lost his own identity, CCP will ISA him as a spy and make him disappear.
If any of the CCP leader got girlfriend would be ISA, all learders would be locked up and disappeared already. Corruption, sex and power abused are the nature of CCP.
BEIJING (Reuters) - China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.
The year-to-date 16.8% fall followed an 18.8% profit decline in January-May, and reinforced a frail economic recovery that brought weaker-than-expected 6.3% growth in the second quarter.
Last year was MCO locked down, compared to last year still drop double digits. Very pity.
If any of the CCP leader got girlfriend would be ISA, all learders would be locked up and disappeared already. Corruption, sex and power abused are the nature of CCP.
The nature of CCP got nothing to do with Americans.
ask your self a simple question...........why americans like to point fingers at others , demonise others, lie about others, bomb others?
by all measures China 2023 is already a much more livable country better country, safer country, convenient place, parks and greeneries, happier place, harmonious place than America for the average citizen.
by all measures China 2023 is already a much more livable country better country, safer country, convenient place, parks and greeneries, happier place, harmonious place than America for the average citizen....and where the citizens are more positive , united, and know their children will have an easier life than the parents.
and china is able to do that with a GDP per capita one quarter of america.
ask yourself one more question, what kind of people are these who start a utube channel to demonise another country, another culture, tell lies about others..... especially of China which lifted 800 million out of poverty.
one of the most shameful "killings" and "forcing into poverty" inside China was the mass killings of sparrows which also killed millions of Chinese due to hunger.
one of the most shameful "killings" and "forcing into poverty" inside China was the mass killings of sparrows which also killed millions of Chinese due to hunger.
Never tamper with Nature. =====================================
The mao era laid the foundation for modern China., and Mao is still a very loved man in China.
do u know that by 1960, China already no more slums, no more boat people, no more tent cities. ? and HK is still struggling with boat people until 1990. ...and america cities are tent cities even in 2023.
there are two kinds of gualos , the gualos who lives in China, loves china, understands China...and the gualos who starts u tube channels demonising China, lies about China. even when China is dirt poor, even before 1949, before new china ,there are good gualos who lives in China, loves china, understands china.......................................these are good gualos.
one of the most shameful "killings" and "forcing into poverty" inside China was the mass killings of sparrows which also killed millions of Chinese due to hunger. =================
the intention was good. The science was wrong.
evil is different. Evil is when the intention was wrong.
it was China who forced 800 million into poverty in the first place...
You are right CCP killed millions of its citizens through Great Movement and Civilization Movement due to its internal political purpose as instructed by Mao and his supporters. Moa and supporters were great evil.
Local governments in bad debts no fund for its normal operation.
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Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.