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  • China Supplants Fed as Biggest Risk for Emerging Markets

    Official and private gauges of Chinese manufacturing are due out Thursday, with expectations they’ll add to evidence of sputtering growth. Concerns that the world’s second-biggest economy is slowing have hobbled the currencies and stocks of developing nations in recent weeks, erasing gains sparked by the U.S. Federal Reserve’s assurance of a calibrated tapering of its stimulus measures.

  • Goldman Sachs cuts China’s GDP growth forecasts amid energy crunch

    The Wall Street banking giant now expects China’s GDP to grow 7.8% in 2021 compared with a year ago — that’s lower than its previous forecast for an 8.2% year-on-year expansion. Goldman’s downgrade followed similar moves by Nomura and Fitch.

  • China Headaches for Iran Deal

    The conventional wisdom has long been that China isn’t interested in taking a prominent role in the Iran nuclear negotiations. China has allowed Russia to do the hard negotiating and the threatening, and when the time has come for a vote, China has supported whatever the Russians supported.

  • Saudi retains top spot in oil supplies to China with volumes up 53% y/y

    Saudi Arabia, the world's biggest oil exporter, kept its ranking as China's top crude supplier for a ninth straight month in August as major producers relaxed production cuts. Saudi oil arrivals surged 53% from a year earlier to 8.06 million tonnes, or 1.96 million barrels per day (bpd), data from the General Administration of Customs showed on Monday.

  • IMF chief called out over pressure to favor China while at World Bank

    World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday. The report, prepared by law firm WilmerHale at the request of the bank's ethics committee, raises concerns about China's influence at the World Bank, and the judgment of Georgieva - now managing director of the International Monetary Fund - and then-World Bank President Jim Yong Kim.

  • Analysis: As West ponders aid for Afghanistan, China and Pakistan quick to provide relief

    China announced last week it would send $31 million worth of food and health supplies to Afghanistan, among the first foreign aid pledges since the Taliban took power last month. Pakistan last week sent supplies such as cooking oil and medicine to authorities in Kabul, while the country's foreign minister called on the international community to provide assistance without conditions and to unfreeze Afghanistan’s assets.

  • China’s Baosteel, Aramco ink pact on Saudi steel plate factory

    Baoshan Iron & Steel Co Ltd (Baosteel), China's biggest listed steelmaker, said on Wednesday it had signed an initial pact with the world's top crude oil producer Saudi Aramco to study building a steel plate factory in Saudi Arabia. The nonbinding memorandum of understanding was one of a number of agreements state-controlled Aramco inked on Tuesday in a major expansion of its industrial investment program.

  • Iran Digs In on Nuclear Talks, Boosted by China and Russia

    Diplomats and analysts suggest the developments are creating space for Iran’s new government to expand the list of concessions it wants from Washington to return to compliance with the 2015 agreement struck with world powers. Doing so could push the talks into next year, topple the process entirely, or lead to fresh turmoil in the Middle East.

  • Opinion: How can GCC countries achieve equilibrium in the China-India competition

    Dr Naranayappa Janardhan (Anwar Gargash Diplomatic Academy) and Nicolas Dunais (Azal Advisors) argue that Gulf policymakers should pursue a balanced relationship with China and India, avoid “picking sides”, and where possible, encourage them to cooperate rather than compete in the commercial and security realms.

  • Russia, Iran and China to hold joint drills in Gulf -RIA

    The drills involving naval vessels from the three countries will be focused on shipping security and combating piracy, the envoy was cited as saying.