Xi | Jotup

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

Retrieved on:

Friday, April 19, 2024

Xi, Negotiation, Policy, Child, Wind, Freezing, Diplomacy, G7, UN, Arms industry

This has also meant that Chinese foreign policy has become more personalised and that Xi’s own diplomatic engagements offer potentially important clues about its direction.

Key Points:

This has also meant that Chinese foreign policy has become more personalised and that Xi’s own diplomatic engagements offer potentially important clues about its direction.
The international order is clearly in flux and a key driver of this change, by its own admission, has been China.
Read more:
Xi and Biden spoke on the phone for 105 minutes: what does this say about their relationship?

The European dynamic

Engagements with Germany, however, also have a broader European, and especially EU dimension.
Germany now has its own moderately hawkish China strategy, aiming to reduce economic reliance on Beijing.
But Berlin is still considered softer than many other EU member states and therefore an important ally for Beijing within the EU and in EU-US deliberations on China policy.
From a German and European perspective, the Russian conduct in the war against Ukraine remains a key concern.

Scholz and Xi on diplomacy

These included sovereignty and territorial integrity, and the importance to explore diplomatic ways to end the war.
What is significant is Scholz’s statement that rather than western military support for Ukraine, diplomacy now takes centre-stage.
China’s approach to managing, and shaping, the fluidity of the international system relies predominantly on diplomacy, albeit with a significant coercive streak.

Stefan Wolff is a past recipient of grant funding from the Natural Environment Research Council of the UK, the United States Institute of Peace, the Economic and Social Research Council of the UK, the British Academy, the NATO Science for Peace Programme, the EU Framework Programmes 6 and 7 and Horizon 2020, as well as the EU's Jean Monnet Programme. He is a Trustee and Honorary Treasurer of the Political Studies Association of the UK and a Senior Research Fellow at the Foreign Policy Centre in London.

Sharecare announces fourth quarter and full year 2023 financial results and operational highlights

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Thursday, March 28, 2024

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Net loss attributable to Sharecare of $34.2 million compared to net loss attributable to Sharecare of $24.1 million, an increase of $10.1 million.

Key Points:

Net loss attributable to Sharecare of $34.2 million compared to net loss attributable to Sharecare of $24.1 million, an increase of $10.1 million.
There was a $14.2 million negative impact to revenue due to the elimination of nonperforming disputed contracts with a client in the fourth quarter of 2023.
Net loss attributable to Sharecare of $128.5 million compared to net loss attributable to Sharecare of $118.7 million, an increase to net loss of $9.8 million.
The Company will host a conference call to review the fourth quarter and full-year fiscal 2023 results today, Thursday, March 28, 2024, at 4:30 p.m. EDT.

Global Times: Global Civilization Initiative continues contributing Chinese wisdom to all humanity

Retrieved on:

Monday, March 18, 2024

The initiative is another major public product provided to the world by China after the Global Development Initiative and the Global Security Initiative, both put forward by Xi in 2021 and 2022, respectively.

Key Points:

The initiative is another major public product provided to the world by China after the Global Development Initiative and the Global Security Initiative, both put forward by Xi in 2021 and 2022, respectively.
"The award means a lot to me," Ferguson said, noting that it serves as a platform to implement the Global Civilization Initiative and foster humanity's shared values.
He told the Global Times that the proposal of the GCI is a modern expression of traditional Chinese culture and showcases the "continuity" in traditional Chinese culture as well as in China's governance.
Ferguson has just attended the London Book Fair to promote two books themed on Chinese and global development.

Ningxia seeks tech-driven high-quality development

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Monday, March 11, 2024

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Ningxia has made significant strides in high-quality development in recent years, nurturing new quality productive forces while fostering development impetus, said Liang Yanshun, Party secretary of the region.

Key Points:

Ningxia has made significant strides in high-quality development in recent years, nurturing new quality productive forces while fostering development impetus, said Liang Yanshun, Party secretary of the region.
Liang said the instructions of President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee, are the road map and guidelines for Ningxia and have given strong impetus to the region's opening-up and development.
Xi has placed high hopes on Ningxia's development and called on the region to better coordinate development and security, he said.
Amazon Web Services, for example, chose to build its data center in Ningxia after visiting numerous areas across China.

CGTN: How China-proposed BRI helps incense-makers go global

Retrieved on:

Sunday, March 3, 2024

Silk Road, Maritime Silk Road, Library, Xi, Belt, Life, Spice, Vegetable, History, United Nations, Organization, Museum, Civilization, Speech, Three Kingdoms, BRI

Now nearly 70 years old, Pu produces incense in Yongchun County in Quanzhou, a coastal city in east China's Fujian Province.

Key Points:

Now nearly 70 years old, Pu produces incense in Yongchun County in Quanzhou, a coastal city in east China's Fujian Province.
As China's seaborne trade thrived during Song (960-1279) and Yuan (1271-1368) dynasties, Quanzhou became the largest port in eastern China.
Thanks to the increase in international orders, workers and their families are enjoying more comfortable lives, an improvement partly driven by the Belt and Road Initiative (BRI).
Nowadays, the Arab states, which were important participants along the ancient Silk Road trade routes, are crucial partners with China in the BRI.

CGTN: How China-proposed BRI helps incense-makers go global

Retrieved on:

Sunday, March 3, 2024

Silk Road, Maritime Silk Road, Library, Xi, Belt, Life, Spice, Vegetable, History, United Nations, Organization, Museum, Civilization, Speech, Three Kingdoms, BRI

Now nearly 70 years old, Pu produces incense in Yongchun County in Quanzhou, a coastal city in east China's Fujian Province.

Key Points:

Now nearly 70 years old, Pu produces incense in Yongchun County in Quanzhou, a coastal city in east China's Fujian Province.
As China's seaborne trade thrived during Song (960-1279) and Yuan (1271-1368) dynasties, Quanzhou became the largest port in eastern China.
Thanks to the increase in international orders, workers and their families are enjoying more comfortable lives, an improvement partly driven by the Belt and Road Initiative (BRI).
Nowadays, the Arab states, which were important participants along the ancient Silk Road trade routes, are crucial partners with China in the BRI.

What drives banks’ credit standards? An analysis based on a large bank-firm panel

Retrieved on:

Wednesday, February 7, 2024

NPL, Seven Bank, Xi, Name, AnaCredit, Data, Bank, ECB, SAFE, JEL, Bias, Knowledge, XB, P50, Ciccarelli, Credit, Regression analysis, Shock, Central bank, Mand, E51, Movement, E44, SNL, Government, Access, Environment, Literature, P90, BLS, P25, CDS, Darst, Risk, European Central Bank, Bureau van Dijk, OBS, Probability, Complementarity, ROA, Policy, COVID-19, Research, Standard score, Uncertainty, R2, Heider, E52, Holmström, CSB, Health, P75

An analysis based on a large

Key Points:

An analysis based on a large
bank-firm panel
No 2902

Disclaimer: This paper should not be reported as representing the views of the European Central Bank
(ECB).
We find
that weaker capitalised banks adjust their credit standards more than healthier banks, especially for
firms with a higher default risk.
Here we find t hat w eaker b anks r espond m ore f orcefully by
tightening their credit standards more than better capitalised banks.
On the contrary, weaker banks
may be more prone to adopt looser credit standards, with the aim of increasing their revenues.
To answer these questions, we analyse the determinants of banks? credit standards, i.e., their internal
guidelines or loan approval criteria applied when deciding on granting credit.
2 Altavilla
ECB Working Paper Series No 2902

2

area banks tighten their credit standards more when linked to riskier firms, measured via firms? leverage
and default risk.
We assess how euro area banks adjusted their credit standards in response to
the negative COVID-19 pandemic shock, after accounting for government support measures.
When deciding on their credit standards, banks assess risks
based on both their own loss absorption capacity and the credit risk of their borrowers.
On the contrary,
weaker banks may be more prone to adopt looser credit standards, with the aim of increasing their
revenues.
We provide evidence that
euro area banks tighten their credit standards more when linked to riskier firms, measured via firms?
leverage and default risk based on the Altman Z-score.
In
addition, they focus on a different research question and use data from the IBLS only as a control.
ECB Working Paper Series No 2902
5

capital position implies less tightening of lending criteria, possibly reflecting the fact that banks can
afford to adjust their credit standards more moderately.
Based on our results, this implies a stronger deterioration of their lending conditions compared
with less vulnerable firms.
We assess how euro area banks adjusted their credit standards in response to
the negative COVID-19 pandemic shock, after accounting for government support measures.
This is in line with the role of government support
measures such as loan guarantees mitigating banks? exposure to firms? credit risks as they shield banks
from firms? increased credit risks.
2
Related literature

Our paper is closely related to studies analysing credit supply based on BLS indicators and the impact
of monetary policy shocks on bank lending conditions in the euro area.
Hempell and Kok (2010) disentangle
pure loan supply based on the BLS factors and investigate the role played by such factors for loan growth.
Several other studies link confidential individual BLS data with actual bank-level data, but not firm
data, allowing an analysis of bank characteristics relevant for bank lending conditions.
They find that a short-term interest rate shock decreases both loan supply
and demand, but more for less healthy banks.
Their findings are consistent with the results of our paper on the favourable impact of bank health on lending standards.
Both papers tend to find no evidence of higher risk taking of banks as a result
of accommodative monetary policy.
More recent studies are based on
confidential bank and firm-level data from national credit registers.
(2012) who focus on the bank-firm-relationship in Spain, based on credit register data.
Ferrero, Nobili, and Sene (2019) arrive at a corresponding conclusion on the risk-taking
channel based on a confidential loan-level dataset of Italian banks.
In another paper, Altavilla, Boucinha, and Bouscasse (2022)
disentangle credit demand and supply based on euro area credit register data (AnaCredit) for the period
of the pandemic.
Our results emphasise the
mitigating impact of government guarantees on a tightening of credit standards during the pandemic.
This mitigating impact played a major role in loan demand and not credit supply being decisive for lending volumes during the pandemic.
Based on their model, accommodative monetary policy is part of the optimal policy mix, combined with social insurance.
To keep the wealth of information
available in the BLS, we run our analysis at the quarterly frequency of the survey.
of employees
101.4

2456.9

2.0

4.0

12.0

37.0

116.0

14944589

Panel (a): Banks
Credit standards

Loan loss provisions
Panel (b): Firms

Notes: Descriptive statistics for the bank-firm sample included in the regression analysis.
Specifically, a one
standard deviation increase in the CET1 ratio leads to 0.2 standard deviations lower credit standards,
i.e., easier credit standards.
In their lending decisions, banks assess risks based on both their own
loss absorption capacity and the credit risk of their borrowers.
?Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications.? American Economic
Review 102 (5):2301?2326.
?Hazardous times for monetary policy: What do twenty-three million bank loans say
about the effects of monetary policy on credit risk-taking?? Econometrica 82 (2):463?505.
?The credit cycle and the business cycle: new findings using
the loan officer opinion survey.? Journal of Money, Credit and Banking 38 (6):1575?1597.
guarantees: proxy from BLS, bank level
0

.1

.2

.3

.4

Government guarantees exposure

-.5

-.25

0

.25

.5

Government guarantees exposure

Notes: Based on results from columns (3) and (6) of Table 4.

Global Times: Xi stresses development of new productive forces, signaling greater focus on sci-tech innovation

Retrieved on:

Tuesday, February 6, 2024

"Developing new productive forces is the intrinsic requirement and an important focus of promoting high-quality development, and it's necessary to continue to well leverage innovation to speed up the development of new productive forces," Xi said.

Key Points:

"Developing new productive forces is the intrinsic requirement and an important focus of promoting high-quality development, and it's necessary to continue to well leverage innovation to speed up the development of new productive forces," Xi said.
Underscoring its growing importance, various top meetings have put emphasis on developing new productive forces.
The development of new productive forces can cultivate new economic growth drivers and competitive advantages, and provide new impetus for the Chinese economy," Wang said.
Moreover, the development of new productive forces, especially the strengthening of sci-tech innovation, can reduce reliance on external technologies and markets and enhance the independence and security of China's economy, Wang added.

Hologic Announces Financial Results for First Quarter of Fiscal 2024

Retrieved on:

Thursday, February 1, 2024

Organic revenue for the fiscal first quarter of 2024 excludes the divested Blood Screening and SSI ultrasound imaging businesses.

Key Points:

Organic revenue for the fiscal first quarter of 2024 excludes the divested Blood Screening and SSI ultrasound imaging businesses.
These non-GAAP financial measures should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP.
The Company generally uses these non-GAAP financial measures to facilitate management's financial and operational decision-making, including evaluation of Hologic's historical operating results, comparison to competitors' operating results and determination of management incentive compensation.
ET today to discuss its financial results for the first quarter of fiscal 2024.

Global Times: French scholars reflect on 60 years of China-France friendship

Retrieved on:

Wednesday, January 31, 2024

The early translations of The Analects of Confucius inspired French thinkers Montesquieu and Voltaire, said Macron.

Key Points:

The early translations of The Analects of Confucius inspired French thinkers Montesquieu and Voltaire, said Macron.
Born in 1948, Mathieu studied at the National Institute for Oriental Languages and Civilizations, majoring in Russian and Chinese language and culture.
Through reading, French and Chinese readers can discover each other and get to know each other better," he told the Global Times.
Increased university exchanges, a surge in cultural tourism and a proliferation of translations have forged numerous direct and indirect links.