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China pledges to “fully incorporate core socialist values in legislation”

May 9, 2018

BEIJING - The Communist Party of China (CPC) Central Committee on Monday announced a plan to "fully incorporate core socialist values in legislation" in the next five to 10 years. The legislation, revision, abolishment, and explanation of laws should embody core socialist values, according to the document, the State newsagency Xinhua reported.

Indonesia’s growth stuck in a narrow range: ANZ

May 8, 2018

JAKARTA - At 5.06% year-on-year, Indonesia’s GDP growth came in lower than expected. Gross fixed investment provided an expected boost to overall growth, rising 7.95% y/y from 7.27% in Q4, but total private consumption (which includes non-profit institutions serving households) posted another quarter of lacklustre growth at 5.01% y/y, broadly unchanged from the previous quarter.

Hong Kong promotes talent admission schemes to young emigrants in Australia/New Zealand

May 8, 2018

SYDNEY – A delegation led by the Assistant Principal Immigration Officer of the Hong Kong Immigration Department, Choi Chi-yuen, has met university students, professionals and second-generation members of emigrated Hong Kong residents in Australia and New Zealand to detail various talent admission schemes on offer in Hong Kong.

Xi calls for building of “world-class universities with Chinese characteristics”

May 3, 2018

BEIJING - Chinese President Xi Jinping has called for the building of world-class universities with Chinese characteristics to nurture people well-prepared to join the socialist cause. China’s State newsagency, Xinhua, reported that Xi made the statement during an inspection tour of Peking University (PKU), ahead of China's Youth Day and the 120th anniversary of PKU, both falling on May 4.

Taiwan hits out at Beijing ‘dollar diplomacy’, warns developing nations of debt trap

May 1, 2018

TAIPEI – Accusing China of using “dollar diplomacy”, Taiwan has announced immediate termination of diplomatic relations with the Dominican Republic, and has terminated “all co-operative projects and assistance”.  Taiwan and the Dominican Republic have had diplomatic relations since 1941.

Air freight growth slows to 22-month low as restocking cycle ends

May 2, 2018

GENEVA – The International Air Transport Association (IATA) today released data for global air freight markets showing that demand, measured in freight tonne kilometres (FTKs), rose 1.7% in March 2018, compared to the same period the year before. This was five percentage points lower than the February result and the slowest pace of growth in 22 months.