π¨China Foreign Ministry on White House statement on US 245% tariff hike on China: we don't want conflict, but won't stay silent
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China Foreign Ministry on report on China orders halt to Boeing jet deliveries: unaware of the situation
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π¨Global economy could slow to 2.3% due to trade tensions - UN trade and development agency
UOB economist Ho Woei Chen: Chinaβs central bank may frontload its monetary policy easing to stabilize markets, with a near-term prospect of a 100 basis points (bps) cut in banksβ reserve requirement ratio. Chen also expects a 20 bps cut in the 7-day reverse repo rate by the end of the second quarter.
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π¨UOB economist Ho Woei Chen: Despite the robust first-quarter GDP, UOB downgrades its full-year GDP growth forecast for China to 4.3% from 4.7%, citing the escalation of US-China tariffs.
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π¨Japan's government pension fund says has switched its foreign equities investment benchmark to exclude domestic Chinese shares
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π¨Republicans reconsider their commitment to tax cuts for the rich in Trump agenda bill - NBC Reporter on X.