Morgan Stanley sees China restructuring troubled developer

(Sept 22): Beijing may initiate a managed debt restructuring of “a troubled property developer” in the coming week, followed by policy easing in October to contain spillover to the broader economy, according to Morgan Stanley economists. “Regulators have had a mechanism to deal with defaults of property developers and reduce systemic risk,” economists including Robin Xing wrote in a note …

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Poland to donate 400,000 doses of AstraZeneca vaccine to Taiwan

WARSAW (Sept 4): Poland will donate 400,000 doses of the AstraZeneca Plc COVID-19 vaccine to Taiwan, the foreign ministry in Warsaw said on Saturday, to help boost vaccination rates in the country. While a relatively small domestic coronavirus outbreak is well under control in Taiwan, only around 5% of its 23.5 million population are fully vaccinated, though the government has millions …

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Chinese premier urges major powers to ‘take responsibility’ for environment

SHANGHAI (Sept 4): Chinese Premier Li Keqiang urged major powers to “show responsibility” and play a leading role in improving global environmental governance and addressing such challenges as climate change. Speaking via video link at the opening ceremony of the IUCN World Conservation Congress on Friday, Li said countries should use the United Nations to draw up global rules and create …

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