Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President Xi Jinping also led a gathering of non-Party…
Christie’s Evening Sale was led by a $14.5 million Jean-Michel Basquiat. Christie’s Closing with a combined $154,418,490 across the three auction houses, last week’s Hong Kong marquee auctions confirmed an Asian market now far more cautious and selective than in previous cycles—a shift in pace and taste made all the more apparent by the galleries’…
Chinese defence ministry spokesman Zhang Xiaogang said China expressed “strong dissatisfaction and resolute opposition” to the annual report, which was released on Wednesday. The report “misinterpreted China’s defence policy … spread rumours, slandered the Chinese military, and exaggerated the ‘China military threat’,” Zhang said in a ministry statement. The China Military Power Report has been…