Pelosi s Taiwan trip is another knock to China s yuan krdo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from krdo.com Daily Mail and Mail on Sunday newspapers.
Chinese President Xi Jinping (習近平) took a big gamble shaking up key industries ahead of a political gathering that could decide whether he rules the country indefinitely. Now he is starting to hit the brakes.
In the past few weeks Chinese authorities have moved to soften sweeping policies designed to make the economy less dependent on debt, monopolies and fossil fuels.
While Beijing’s edicts chastened China’s corporate elites, they also began showing signs of hitting ordinary citizens with higher power bills, lost savings and if the economy continues to struggle potentially fewer jobs.
Chinese Premier Li Keqiang (李克強) expressed caution a
Xi took a gamble shaking up key industries ahead of a political gathering that could decide whether he rules the country indefinitely. Now he’s starting to hit the brakes.
In recent weeks, Beijing has moved to soften sweeping policies designed to make the economy less dependent on debt, monopolies and fossil fuels.. Read more at straitstimes.com.