China stocks hit four-week low as Covid cases spread and factory output shrinks

Chinese markets fell on Wednesday as global investors continue to deal with the aftermath of Federal Reserve chair Jerome Powell’s hawkish speech at Jackson Hole last week, and the alarming spread of Covid in China.

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Climate crisis: India showing intent as problem solver, says Bhupender Yadav at G20 meet

Union Environment Minister Bhupender Yadav on Wednesday said India is showing intent as a problem solver despite not being a traditional contributor to global emissions.

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China arrests hundreds in rural banking scandal

China arrests hundreds in rural banking scandal Police in China have arrested 234 suspects allegedly involved in a rural banking scandal, a month after hundreds of depositors protested over their lost savings in one of the largest demonstrations the country has seen since the pandemic began. Since April, four rural banks in China’s central Henan province have frozen deposits worth millions of dollars, heaping misery on hundreds of thousands of customers in an economy already battered by draconian Covid lockdowns. Police in Xuchang city, Henan said in a statement Monday…

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CCP cadres write open letter to target Xi Jinping’s personality cult; suggest reforms

CCP cadres write open letter to target Xi Jinping’s personality cult; suggest reforms Communist Party of China’s leading cadres has shot a letter asking for reforms and greater responsibility in the existing workings of the party. Chinese Communist Party’s (CCP) leading cadres has shot a letter asking for reforms and greater responsibility in the existing workings of the party, while it also tries to challenge the personality cult that China’s president Xi Jinping has been trying to build around himself. Notably, the three members of CPC although not holding senior…

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