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Opinion | What El Niño, pork supply and steel production have in common – they all point to China needing a stronger yuan

A pig on a farm in Changtu county, Liaoning province, on January 17. China is the world’s largest consumer of pork, and thanks to the mass culling of pigs to stop the spread of African swine fever, domestic production is expected to fall at least 4 million tonnes below demand. Photo: Reuters Source link

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Hopes of compromise as China and the European Union seek common green bond rules

Even as disputes in their bilateral relationship pile up, officials from China and the European Union hope to find common ground on one key global issue: issuance standards for “green” bonds dedicated to financing environmentally friendly projects.Officials from China and the EU – the second and third-biggest issuers of green bonds after the United States – are due to start talks in Brussels on Thursday to decide on standards for the increasingly popular investment vehicle.An agreement would… Source link

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The world must face our shared existential threats together for the common, and not let rivalries separate us

Managing an economy is not for the faint of heart. Policymakers must constantly monitor the ever-evolving global economic landscape, and anticipate lightning-fast changes that can breed volatility and uncertainty. As today’s political and economic turbulence attests, the impact of events in one place can be felt far and wide, but particularly in emerging economies. To stay ahead of the curve, policymakers must put international cooperation above short-term national interest. And yet, in the last two years, protectionism, policy divergence, and a lack of coordination have begun to pose serious downside…

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Rival US and Chinese innovators have a common cause: climate change

This past week, as some of the deadliest wildfires on record continued to blaze in California, the San Francisco Bay Area, including Silicon Valley, has experienced air quality in the “hazardous” range – far worse, on some days, than that of Beijing during its notorious 2013 smog, before the Chinese government took measures to reduce pollutants from coal combustion. For residents of San Francisco, their present “airpocalypse” brings home the reality that, with unchecked global warming, California will continue to be subject to drought, and can expect the fire season’s…

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