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Reuters
China may be running out of retaliatory steps that it can afford to take against Australia after cutting off communications on economic affairs with its key commodity supplier this month.
On May 6, China s top planning agency announced that it had suspended all contacts under its bilateral Strategic Economic Dialogue with Australia indefinitely. Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination, the National Development and Reform Commission (NDRC) said in a statement.
China s Ministry of Commerce adviser Mei Xinyu blamed the cutoff on the wildness of Australian politicians, while Foreign Ministry spokesman Wang Wenbin cited an insane suppression targeting China-Australia cooperation, the
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The fallout from the Greensill Capital and Archegos Capital Management scandals is continuing to reverberate across the financial services industry likely resulting in a stricter risk management landscape.
The collapse of the London-based supply chain finance company Greensill, which filed for insolvency in early March after maintaining a valuation in the billions just a few years prior, marked one of the most shocking firm failures in more than a decade. In the same month, Archegos, the family office of investor Bill Huang, couldn’t meet multiple margin calls, prompting a widespread sell-off that closed the family office, lost Mr. Huang between $8 billion-$20 billion in less than two weeks, and cut millions from major global banks’ first-quarter earnings. Both incidents may make trade credit insurers more cauti
Reuters
As China awaits a reckoning over climate change targets, environmental groups are turning up the heat over the country s construction of coal-fired power plants.
China s continuing construction of coal plants has become a make-or-break issue for climate researchers and advocates as the government prepares plans to meet President Xi Jinping s goals for peaking carbon emissions before 2030 and achieving carbon neutrality before 2060. How China addresses the apparent contradiction between its massive coal-fired build-out plans and its net-zero emissions plan may become one of the biggest challenges in efforts to limit the rise in global temperatures and meet climate targets, Reuters said.