For Xi Jinping, the main objective during two global summits was to push for a peaceful world with fewer trade barriers so he can focus on reviving China’s economy. Donald Trump and Vladimir Putin disrupted those plans. In more than a dozen meetings with world leaders over a week in South America, Xi repeatedly sought…
BAKU, Azerbaijan (AP) — Distractions were bigger than deals in the first week of United Nations climate talks, leaving a lot to be done, especially on the main issue of money. In week one, not a lot of progress was made on the issue of how much money rich countries should pay to developed ones…
(Bloomberg) — Emerging-market equities will be boosted by stimulus measures in China thanks to the country’s large weightings in indices and close economic ties with other developing countries, according to veteran investor Mark Mobius and Goldman Sachs strategists. Most Read from Bloomberg China accounts for one quarter of the benchmark MSCI EM equity index and…
There was a message in China’s focus on developing countries at the annual UN General Assembly leaders’ meeting last week. According to observers, China is eyeing greater support from the developing world as it faces increasing isolation from the West, while also seeking to position itself as an important player in the global order. China…