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China’s yuan tumbles amid fears about Xi’s third term
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China’s yuan tumbles amid fears about Xi’s third term

Hong Kong CNN Business  —  China’s yuan tumbled on Tuesday to its lowest level in nearly 15 years on Tuesday as investors fled Chinese assets amid fears about Xi Jinping’s dramatic move to tighten his grip on power in a major reshuffle of Communist Party leaders On the tightly controlled domestic market, the yuan dropped...

China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data
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China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data

Hong Kong CNN Business  —  Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan...

Strict COVID-19 policies drive people out of Hong Kong
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Strict COVID-19 policies drive people out of Hong Kong

Large numbers of people have left Hong Kong not only due to political unrest, but also strict COVID-19 policies. Over the past year, more than 100,000 people have left — a record. The exodus includes many who work in business and banking, who form the lifeblood of the city. Hong Kong is one of the...

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The all-powerful Xi Jinping – podcast | News

The biggest event in China’s political calendar opened this week. The 20th national congress of the Communist party will set the direction that China – soon to be the world’s biggest economy – will take in the years ahead. The man at the centre of it all is the party’s paramount leader, Xi Jinping. As...

UK police investigate beating of protester on Chinese consulate grounds
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UK police investigate beating of protester on Chinese consulate grounds

Issued on: 17/10/2022 – 19:20 British police are investigating an assault on a protester who was beaten by several men after being dragged inside the grounds of the Chinese consulate in Manchester during a demonstration against President Xi Jinping. Sunday’s protest took place on the first day of the twice-a-decade congress of China’s ruling Communist Party in Beijing at...

Hong Kong protester allegedly beaten at Chinese consulate in Manchester
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Hong Kong protester allegedly beaten at Chinese consulate in Manchester

Hong Kong CNN  —  Activists and lawmakers in the United Kingdom are demanding an investigation after a Hong Kong pro-democracy protester was allegedly beaten on the grounds of the Chinese consulate in Manchester. A pro-democracy group called Hong Kong Indigenous Defence Force had staged a protest outside the consulate in the northern city on Sunday,...

China’s Xi talks up security, reiterates Covid stance as congress opens
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China’s Xi talks up security, reiterates Covid stance as congress opens

Chinese President Xi Jinping called for accelerating the building of a world-class military while touting the fight against Covid-19 as he kicked off a Communist Party Congress by focussing heavily on security and reiterating policy priorities. Xi, 69, is widely expected to win a third leadership term at the conclusion of the...

Asia spent $50 billion in Sept to defend currencies from strong US Dollar
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Asia spent $50 billion in Sept to defend currencies from strong US Dollar

Asian governments spent about $50 billion in foreign-exchange reserves last month — the highest level since March 2020 — to defend their currencies from a relentless advance in the US dollar. Exante Data Inc., a firm that specializes in tracking global capital flows, estimates emerging Asian nations excluding China spent nearly $30...