December 2, 2022

Your Friday Briefing: China’s Stimulus Plan

4 min read

Good morning. We are covering China’s economic stimulus plans, President Biden’s pressure for war funds and the intense heat in India and Pakistan.

As China’s lockdown continues and new infections continue to spread in Beijing, the central government has announced A comprehensive economic stimulus plan Compensation for expected losses.

The government will subsidize businesses, stop paying unemployment insurance if companies avoid large-scale layoffs, as well as electricity and internet charges. College graduates will be subsidized if they start their own business, as very few jobs are available.

Two large, affluent ports, Shenzhen and Ningbo, have begun issuing gift certificates to residents for purchases and meals, valued at 122 million. Across the country, truck drivers will also receive more permits to bypass road code blocks, and unemployed migrant workers will receive government allowances.

what’s next: Chinese leader Xi Jinping has also begun planning for rapid investment in infrastructure, a tactic China has used to counter the historically slowdown.

Beijing: On Thursday, the capital announced that it had received 56 cases in the last 24 hours, up from 46 reported the day before.

Are here Latest updates And Maps Of epidemic

Other developments:

House on Thursday Legislated by an overwhelming majority. This would allow President Biden to use World War II-era law for the immediate supply of weapons to Ukraine on credit.

The move comes as Biden, addressing the nation from the White House, outlined his request to Congress to provide Ukraine. An additional۔ 33 billion For defense and economic and humanitarian aid.

“The cost of this fight is not cheap, but if we let it happen, aggression will be more expensive,” Biden said. Are here Live updates.

The United States is also looking for new ways to punish wealthy Russian tycoons who surround President Vladimir Putin: Biden says he is sending congressional legislation that will make it easier. Seize their boats, planes and other assets.. The money will be used to help Ukraine fight the war against Russia.

Diplomacy: Britain has said it will allow Ukraine to use Western weapons to attack military targets inside Russia. China suspends import tariffs on coal Assisting Russian exports.

Analysis: Are world political leaders. Changing their rhetoric Preparing its citizens in Ukraine for a long and potentially costly struggle.

Blame: A senior U.S. diplomat says Russia has Arrested systematically and tortured Ukrainian officials, journalists and activists are in “filtration camps” where some of them have reportedly disappeared.

Condition of war:

Other updates:

  • Russia is trying. Introduce rubles Trying to subdue it in the southern Ukrainian city of Kherson.

For weeks, the Indian subcontinent has recorded above-average temperatures. Summer weather clocks are now in effect for millions of people.

Now experts say The heat is getting worse. at the weekend. In some severely affected areas, this could be a few weeks before the region begins. Annual monsoon arrival To provide relief.

The heat wave poses health and logistical challenges for manual workers, farmers, power engineers, government officials and firefighters, especially in areas where air conditioning is in short supply. “Everything is ready to burn,” said the director of fire services in New Delhi.

Agriculture: Extreme heat has damaged crops. A farmer in the northern Indian state of Rajasthan told the Times that 15 to 20 per cent of the local wheat crop and half of the cumin crop had been lost.

Analysis: Meteorologists say heat waves are rising around the world. More often, more dangerous and more in duration. And they believe that global warming is responsible, because the underlying temperature is. They were more than decades ago..

My colleague Declan Walsh spent most of the holy month of Ramadan in Sudan. On Iftar meal after eating iftarHe spoke to the people about the economic and political instability in the country. “We come to forget all this,” a young musician told Declan. Heat, power cuts, protests. Here, at least, we can sing.

Living: Kenneth Sang was a veteran actor from Hong Kong who was known for his tough guy supporting roles and hair dyeing everywhere. He was found dead in a hotel quarantine at the age of 87..

It was difficult to raise parents before the epidemic. During the last two years of lockdowns, remote schools and the constant fear of infection, it was even more difficult. Now there are some families. Putting kabush on more children.

Many parents are just tired: the epidemic made a clear revelation. Lack of structural support Something for families Divorced. And for many, the changes made by epidemics have only helped to define their limits.

“I still mourn the prospect of possibility and hope that I once realized my secret dream of having a third child,” writes Emily Gold, “but I did Understand and mourn, instead of a failed intention that can still find its way to fruition.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *