Tag: Politics and Government

Global Markets Cheer on Better Than Expected Inflation Data

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Good news for global markets Yesterday’s impressive rally in U.S. stocks and bonds has gone worldwide this morning, as investors see central banks making gains in their fight against inflation. Adding to the good news was a breakthrough in the House last night that could avert a government shutdown. S&P 500 futures signal further gains at the opening bell. The question now is whether this represents a false dawn on inflation, or the start of a durable decline in rising costs — and interest rates. Here’s what’s exciting investors: Yesterday’s…

Behind Public Assurances, Xi Jinping Spread Grim Views on U.S.

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When President Xi Jinping of China made his first state visit to the United States in 2015, he wrapped his demands for respect in reassurances. He courted tech executives, while defending China’s internet controls. He denied that China was militarizing the disputed South China Sea, while asserting its maritime claims there. He spoke hopefully of a “new model” for great power relations, in which Beijing and Washington would coexist peacefully as equals. But back in China, in meetings with the military, Mr. Xi was warning in strikingly stark terms that…

Iran and Saudi Arabia Demand Gaza Cease-Fire

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After the Saudi and Iranian leaders finished their speeches, they left the main conference hall for a bilateral meeting. Prince Mohammed’s welcoming of Mr. Raisi amounted to a remarkable departure for the Saudi leader, who once bluntly warned Iran not to pursue expansionist policies in the region. “We won’t wait for the battle to be in Saudi Arabia,” he said in a televised interview in 2017. “Instead, we will work so that the battle is for them in Iran, not in Saudi Arabia.” He also once likened Iran’s supreme leader,…

More Semiconductors, Less Housing: China’s New Economic Plan

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China’s political leaders, under pressure to support the country’s fragile recovery, are slowly steering the economy on a new course. No longer able to rely on real estate and local debt to drive growth, they are instead investing more heavily in manufacturing and increasing borrowing by the central government. For the first time since 2005, when comparable record keeping in China began, banks controlled by the state have started a sustained reduction in real estate lending, data released last week showed. Enormous sums are instead being channeled to manufacturers, particularly…

In a Worldwide War of Words, Russia, China and Iran Back Hamas

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The conflict between Israel and Hamas is fast becoming a world war online. Iran, Russia and, to a lesser degree, China have used state media and the world’s major social networking platforms to support Hamas and undercut Israel, while denigrating Israel’s principal ally, the United States. Iran’s proxies in Lebanon, Syria and Iraq have also joined the fight online, along with extremist groups, like Al Qaeda and the Islamic State, that were previously at odds with Hamas. The deluge of online propaganda and disinformation is larger than anything seen before,…

China’s Male Leaders Push to Get Women to Stay Home for Family

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At China’s top political gathering for women, it was mostly a man who was seen and heard. Xi Jinping, the country’s leader, sat center stage at the opening of the National Women’s Congress. A close-up of him at the Congress was splashed on the front page of the Chinese Communist Party’s newspaper the next day. From the head of a large round table, Mr. Xi lectured female delegates at the closing meeting on Monday. “We should actively foster a new type of marriage and childbearing culture,” he said in a…

Gavin Newsom, on Climate Mission to China, Meets With Xi Jinping

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Gavin Newsom, the governor of California, met with China’s leader, Xi Jinping, in Beijing on Wednesday, according to the Chinese state media, as part of an ambitious weeklong mission to negotiate climate partnerships. The two-term Democratic governor wants California to set an aggressive pace for the United States — and the world — to cut carbon emissions that are dangerously heating the planet. Mr. Newsom’s moves to tackle the climate crisis have elevated his national profile, just as he is widely believed to be preparing for a White House run…

Foxconn, China Contractor for Apple, Said to Be Under Tax Audit

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Foreign and local companies in China are increasingly the targets of tax audits and other regulatory reviews, as local governments try to steady their finances by collecting more revenue. The latest company to come under scrutiny is Foxconn of Taiwan. Chinese state media outlets reported on Sunday that the company was facing investigations in four provinces. Foxconn, one of the world’s largest manufacturers of electronics, is Apple’s main contractor for the production of everything from iPhones to MacBook laptop computers. Global Times, a nationalistic tabloid and website owned by the…

Nebraska Gov. Jim Pillen Criticized for Comments on Reporter’s Chinese Nationality

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Gov. Jim Pillen of Nebraska is facing criticism after he dismissed a news article about environmental concerns at his hog farms, saying that the reporter who wrote it was from “Communist China.” The reporter, Yanqi Xu, 27, revealed her findings in an article published Sep. 7 by The Flatwater Free Press that detailed nitrate levels “far above” the legal drinking water limit at more than a dozen farms owned by Mr. Pillen, a Republican. While the farms had brought prosperity to Platte Center, a village about 60 miles northwest of…

With Putin by His Side, Xi Outlines His Vision of a New World Order

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The leaders of China and Russia hailed each other as “old” and “dear” friends. They took swipes at the United States and depicted themselves as building a “fairer, multipolar world.” And they marveled at their countries’ “deepening” trust. China’s top leader, Xi Jinping, used a Beijing-led conference of leaders from mostly developing countries on Wednesday to showcase his ambitions to reshape the global order, as the world grapples with a war in Ukraine and a crisis in Gaza. He cast his country as an alternative to the leadership of the…