Why China is unlikely to rescue the world economy again
15 May 2023 | 7:40 am
Beijing's huge stimulus program helped the West to recover from the 2008 financial crisis. This time, however, China's post-COVID recovery is patchy and geopolitical issues mean it is unlikely to stop a global recession.
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Starting on Saturday September 23, China is hosting the Asian Games, a major multi-sport event held every four years between the Olympics. The 19th edition, postponed from last year, brings together some 12,000 athletes from across the continent, competing in 40 sports over two weeks in the eastern city of Hangzhou. For the first time, e-sports are featured as an official medal sport event, with seven golds on offer. But a lot of attention is also focused on what's happening outside the tracks and arenas. FRANCE 24's Oliver Farry tell us more about the geopolitical aspect of the event.
The UN chief has called it an epidemic of coups. In Africa, since 2020, military officers have seized power, or attempted to do so, in numerous sub-Saharan countries. Just in the last two and a half months, soldiers in Gabon announced a takeover of power, while in Niger, members of the presidential guard detained President Mohamed Bazoum and announced that they were seizing power.
As record numbers of migrants continue to arrive on the small Italian island of Lampedusa, FRANCE 24 looks back at the shipwreck of 2013, which saw 368 people drown off the island. Our reporters met a witness to the tragedy, a survivor and the island's doctor who registered the deaths. All of them want to put an end to these shipwrecks, which have made the Mediterranean the deadliest migrant route in the world.
Australia is at “rock bottom” after a record defeat to Wales left Eddie Jones and the Wallabies on the brink of an “embarrassing” group-stage World Cup exit, as the media turned on the team following a humiliating night in Lyon.
Philippines and Chinese vessels face off in the South China Sea, marking the latest in a series of confrontations over competing territorial claims in the important maritime passageway.
Citing declining inflation and a strong rebound in economic activity, Ghana's central bank on Monday (September 25) held its interest rate at 30%.
The Cook Islands and Niue have been recognized by the United States as "sovereign and independent states." The move appeared to be aimed at curbing further Chinese inroads into the Pacific region.
Diplomats from Beijing, Seoul, and Tokyo have met to explore restarting regular three-way summits to foster regional cooperation. The initiative has been on hold for the past few years.
Malaysia intends to double the quantity of palm oil it exports to China, in an effort to counterbalance the EU's push to cut down on its own imports.
A visit of Nepalese PM Pushpa Kamal Dahal to China saw the two nations pledge to boost trade amid plans of new transport links through the Himalayas. But Dahal said Nepal would not join any security alliances.
A new report predicts a dip in economic output this year, correcting earlier forecasts of moderate growth. But experts are optimistic for 2024.
China's second-largest real estate developer is close to bankruptcy, leaving millions of property investors nursing heavy losses. Worst still, Beijing's post-COVID economic rebound will be further derailed.
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