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Hong Kong s budget boosts confidence with concrete plans, mainland s support

Hong Kong s budget boosts confidence with concrete plans, mainland s support
globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.

US delegation tests China s stance by raising concerned issues

US delegation tests China s stance by raising concerned issues
globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.

US credit rating downgrade chips away its global dominance

Rating agency Fitch Ratings on Tuesday downgraded the US government’s top credit rating, citing fiscal deterioration over the next three years and a steady deterioration in governance over the past two decades, marking only the second time in history that the US has been stripped off its top-tier credit rating. The downgrade has dealt a serious blow to the US’ global reputation and standing amid a rapidly shifting global geo-economic situation.

China makes strides in building a unified market; move a boon for foreign businesses

Chinese officials said on Monday that China has achieved positive initial results in building a unified national market, and they vowed to further carry out the crucial strategy, which aims to root out local protectionism and give full play to the massive domestic market to boost growth, amid an increasingly complex global economic landscape.

Asian Clearing Union to reportedly launch SWIFT alternative in June amid accelerated de-dollarization push

The Asian Clearing Union (ACU) will reportedly launch a new cross-border financial messaging system in June as an alternative to SWIFT, marking another major move from global economies and organizations opting for new payment mechanisms amid the accelerated global de-dollarization push.

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