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.
That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. What distinguishes the app from competitors is its use of what's known as channels: Public or private feeds of photos and videos that can be set up by one person or an organization. The channels have become popular with on-the-ground journalists, aid workers and Ukrainian President Volodymyr Zelenskyy, who broadcasts on a Telegram channel. The channels can be followed by an unlimited number of people. Unlike Facebook, Twitter and other popular social networks, there is no advertising on Telegram and the flow of information is not driven by an algorithm. But Kliuchnikov, the Ukranian now in France, said he will use Signal or WhatsApp for sensitive conversations, but questions around privacy on Telegram do not give him pause when it comes to sharing information about the war. "Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. As the war in Ukraine rages, the messaging app Telegram has emerged as the go-to place for unfiltered live war updates for both Ukrainian refugees and increasingly isolated Russians alike.
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