While still requiring the Philippines to tow away the warship it has grounded on Ren'ai Reef and restore the original state of being uninhabited and without facilities, China has agreed to a temporary arrangement with the Philippines whereby it will allow humanitarian supplies to be delivered to the troops stationed on the vessel. The deal the two neighbors have reportedly …
NUSA DUA, Indonesia — Discord over Russia’s war on Ukraine and festering tensions between the U.S. and China are proving to be ominous backdrops for world leaders gathering in Indonesia’s tropical Bali island for a summit of the Group of 20 biggest economies starting Tuesday. With recession looming as central banks fight decades-high inflation partly brought on by the war, …
However, as of now, China remains one of the world’s fastest growing economies in the world with GDP slated to grow to 8.1 per cent in 2021, but this could slow down to 5.1 per cent 2022. The real estate sector which contributes 20 per cent of the Chinese GDP remains crisis-ridden and then, of course, there is the crackdown. …
