China boosts confidence in world economy amid global uncertainties
The year 2025 is around the corner, but the economic outlook for the world is not as exciting as the coming of the New Year. International organizations like the International Monetary Fund (IMF) warn that the global economy faces risks of low growth, high debt, weak investment, and rising economic fragmentation. And the uncertainty linked to the incoming U.S. administration only further complicates the global economic landscape. At this critical juncture, China, the world's second-largest economy, is working actively to instill confidence and stability in global development. In early December, China hosted the "1+10" Dialogue in Beijing, bringing together the heads of 10 prominent international economic organizations. Focusing on the themes of global development and common prosperity, the dialogue delivered a powerful message in favor of multilateralism and economic growth. It also reaffirmed the shared commitment of China and the participating organizations to promoting free trade and advancing economic globalization.
China boosts confidence in world economy amid global uncertainties
The year 2025 is around the corner, but the economic outlook for the world is not as exciting as the coming of the New Year. International organizations like the International Monetary Fund (IMF) warn that the global economy faces risks of low growth, high debt, weak investment, and rising economic fragmentation. And the uncertainty linked to the incoming U.S. administration only further complicates the global economic landscape. At this critical juncture, China, the world's second-largest economy, is working actively to instill confidence and stability in global development. In early December, China hosted the "1+10" Dialogue in Beijing, bringing together the heads of 10 prominent international economic organizations. Focusing on the themes of global development and common prosperity, the dialogue delivered a powerful message in favor of multilateralism and economic growth. It also reaffirmed the shared commitment of China and the participating organizations to promoting free trade and advancing economic globalization.
At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Telegram was co-founded by Pavel and Nikolai Durov, the brothers who had previously created VKontakte. VK is Russia’s equivalent of Facebook, a social network used for public and private messaging, audio and video sharing as well as online gaming. In January, SimpleWeb reported that VK was Russia’s fourth most-visited website, after Yandex, YouTube and Google’s Russian-language homepage. In 2016, Forbes’ Michael Solomon described Pavel Durov (pictured, below) as the “Mark Zuckerberg of Russia.” This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp.
from hk
