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Victor Escribano News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China revives Belt and Road amid geopolitical turbulence, debt controversy

By Jesus Centeno and Victor Escribano Beijing/Shanghai, Oct 17 (EFE).- China inaugurates the third Belt and Road forum with the intention of seducing what it calls “the Global South” with multimillion-dollar promises of investments that have also received strong criticism for the risk of debt they entail. Beijing arrives at the meeting with the economy …

Lithium cools in China after end of electricity subsidies

By Victor Escribano Shanghai, China, Mar 6 (EFE).- Lithium, a key material for the manufacture of electric vehicle batteries, multiplied its price several times throughout 2022 to later lose almost 30 percent of its value in the Chinese market in just three months, the largest in the world for this type of car. Lithium carbonate …

Relief, caution in first Chinese New Year since zero-Covid policy dropped

By Alvaro Alfaro and Victor Escribano Beijing/Shanghai, Jan 21 (EFE).- After three years of the Covid-19 pandemic, Chinese citizens are celebrating their first Lunar New Year with relief over no restrictions, but also with caution due to experts predicting an increase in infections arising from the holiday period. In 2021 and 2022, people who usually …

Hong Kong sees status as a financial center falter 25 years on

By Victor Escribano Shanghai, China, Jun 29 (EFE).- Hong Kong celebrates 25 years since its return to China after the British colonial era with the doubt of whether it will maintain its status as an international financial center in the face of Beijing’s greater influence in local affairs. One of the great attractions of Hong …

Chinese cities issue coupons to boost consumption as Covid restrictions bite

By Lorena Cantó and Victor Escribano Beijing/Shanghai, Apr 29 (EFE).- Authorities in China have told the population to avoid traveling to other provinces ahead of Labor Day as the government introduced measures on Friday to mitigate the economic fallout of an ongoing outbreak that has caused a spike in Covid cases. China’s Transport regulator said …

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