In four days, Shanghai fell 6%, a two year minimum. Hong Kong and Seoul also mark losses. Trump's threats weigh on $ 200 billion worth of Chinese export products. But the problem remains Chinese state debt. The assurances of Yi Gang and the injection of new liquidity.
China responds to US with US$ 50 billion in duties
| CHINA – UNITED STATESMsgr. Joseph Li Mingshu, bishop of Qingdao has died. 'Fearful', he had invited Mother Teresa’s Sisters to his diocese
by Bernardo Cervellera | CHINA-VATICANThe new high-speed railway line linking Kowloon to Guangzhou is set to be inaugurated in September. Mainland China has requested and obtained the right to control part of the terminus and train platforms. The mainland will be in charge of immigration, customs, health inspection, border control and security. Track maintenance will remain in Hong Kong.
The new Chuanbei prison opened in 2012. Inmates can learn a trade, live in a better environment and received psychological assistance: a first in China. For one prisoner, “our lives at the new facility are so different, it’s like the distance between the sky and the earth”. However, some think it might just be façade.
Since 9 June thousands of drivers have been on strike for better conditions. They complain of high fuel prices and unfairness by the Manbang Group. For experts, without an improvement the strike could continue.
Italy’s demographic situation is grim. Its population shrunk by 3.2 per cent in a year. Those over 65 are now 22.3 per cent. China too has 158.31 million people over 65 (11.4 per cent). Aging undermines the workforce and pushes up social costs, undermining innovation, creativity, consumption, perspectives and hope. Beijing is thinking of removing all limits to the number of children. Demographers suggest a 10,000-yuan annual bonus for each new born. The goal is to avoid stagnation.
Activists unveil the sculpture on Times Square. The space is visited by many tourists from mainland China. The discontent of the administration.
The telecommunications company, the fourth in the world, reopened trading today, after a two month suspension. ZTE has to pay a fine to the US for violating the embargo on sales in Iran and North Korea. But the agreement reached risks being cancelled by the US Senate.
With today's signature, the two leaders commit to a lasting and stable peace on the Korean Peninsula. The deal calls for the recovering the remains of prisoners of war. Kim makes an "Unwavering commitment" to denuclearise the peninsula. Trump offers security guarantees to North Korea. China approves; France has doubts. South Koreans “hope” for peace. North Korean refugees are concerned.
The civil war in the northern state has entered its seventh year. The number of internally displaced persons (IDPs) has exceeded 150,000. Some tell of their flight from their homes and of their life in the reception facilities.
Writer Liao Yiwu spoke with Liu Xia, wife of the late dissident Liu Xiaobo, who was left to die in prison from cancer. Under house arrest, Liu Xia was promised by the government that she could leave China for treatment. But nothing has happened so far. Despite her request, Angela Merkel could not meet her. Liao pleads with politicians and ordinary people.
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