IPSE'S AUTHORS LAST 24h
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IPSEs IN THE LAST 24H
  • David French
    David French “If Trump loses, there is no ready heir to his MAGA crown. Vance, Trump's vice-presidential nominee, would be saddled with at least partial responsibility for Trump's loss, and the American people already view him unfavorably.” 10 hours ago
  • Olaf Scholz
    Olaf Scholz “I believe that now is the time to discuss how to arrive at peace from this state of war, indeed at a faster pace.” 10 hours ago
  • Volodymyr Zelenskiy
    Volodymyr Zelenskiy “On the sidelines of the [Ambrosetti] Forum in Italy, I met with a delegation of the US Congress. We talked, in particular, about the victory plan for Ukraine - about some of its details, and we will present all the steps to US President Biden and both presidential candidates, Trump and Harris, in full. Our main focus now, at the beginning of the fall, is to strengthen the positions of Ukraine and Ukrainians as much as possible, protect our cities and villages from Russian terror, and, of course, provide more capabilities for our warriors on the frontlines.” 10 hours ago
  • Libby Lenkinski
    Libby Lenkinski “There were groups of protesters calling for a ceasefire as early as November and December [last year], and I think that number has been growing in a pretty steady way. The number of protesters had grown pretty dramatically in the past week, with an increasing number of Israelis protesting now understanding that a ceasefire is actually the only way that the captives will return to Israel. I think that's now a pretty common understanding among protesters. You do see a rising number of Israelis wanting this to end whether they are in the streets or not.” 17 hours ago
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Economy

Page with all the IPSEs stored in the archive with Category Economy.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“Chinese investment offerings are attractive to African countries because they are often quicker to materialise than Western promises. They are also not viewed through an aid lens and not bogged down by fiscal conditions or even preaching, as loans from Western institutions tend to be. Western countries have cut funding to some countries based on issues like elections or LGBTQ legislation. Beijing, on the other hand, has positioned itself as an equal, a fellow Global South country sidelined by the imperial West.”

author
South-Africa-based researcher of the China Global South Project
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“Although China as a country is not comparable to Africa as a continent, the two entities have a shared story of needing to rapidly develop and reduce poverty levels. The way that China harnessed productivity was through connectivity, connecting the hinterlands to the main cities. So for African countries, China is really the one to look at as an example.”

author
Hong Kong-based urban economist
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“The upside risks to inflation have diminished. And the downside risks to employment have increased. The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”

author
Federal Reserve Chair
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“Russia has turned its economy into a tool in service of the Kremlin's military industrial complex. The treasury's actions today continue to implement the commitments made by President [Joe] Biden and his G7 counterparts to disrupt Russia's military-industrial base supply chains and payment channels. Companies, financial institutions, and governments around the world need to ensure they are not supporting Russia's military-industrial supply chains.”

author
United States Deputy Secretary of the Treasury
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“This is a story for decades to come. Whatever the developments and results of a peaceful settlement in Ukraine, it is, in fact, only a pretext. The sanctions were first introduced much earlier. Their ultimate goal is unfair competition.”

author
Head of the economic cooperation department at Russia’s Foreign Ministry
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“There are two other sources of potential trouble: the Middle East and China. Far too little attention is being paid to the risks that the war in Gaza escalates into a full-scale conflict between Israel and Iran. In the past, this kind of ratcheting up of tension would have led to a sharp increase in the cost of crude, but it hasn't happened. A Middle East-induced oil shock has been the dog that hasn't barked. For now. One reason rising tension in the Middle East has not been reflected in commodity markets is that China's growth prospects have taken a turn for the worse. The belief in the financial markets is that policymakers in Beijing will take action to stimulate the economy and that the slowdown will be temporary. Again, this is a questionable assumption.”

author
Guardian's economics editor
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“Nvidia has been one of the biggest beneficiaries of the growth in AI technology and potential market expansion. However, concerns over the yen-carry trade (borrowing yen at low interest rates in Japan to invest in other assets) and growing fears of an economic downturn are likely to lead to a period of high market volatility.”

author
Hana Securities analyst
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“The B.O.J. hoped that temporary inflation could lead to long-lasting inflation by pushing up wages - giving inflation second legs. But I don't see that's the case. Surprisingly weak consumer spending and the falling yen all have one root: mistakes of monetary policy made in Japan over several years. If the Bank of Japan had raised rates years earlier the yen would not have depreciated so much, consumer activity would have been more stable and the economy would likely be doing better.”

author
Executive economist at Nomura Research Institute and a former policy board member at Japan’s central bank
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“The Russian economy is overheated but, sadly, very far from crisis. It will be hard to achieve a Russian crisis if the West does not block Russian oil exports. Some might say it's basically impossible: they could block it for six months but then Russia will find new ways. Or we will block it but the prices will rise and partially compensate for the losses. For instance, if tomorrow oil price falls to US$40 for some reason, then a crisis will definitely begin in Russia. But oil prices are not expected to plummet like this so Russia has resources to continue the war. With the current oil price Russia can live at least a few years without crisis.”

author
Vice President of the Kyiv School of Economy
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“When it comes to the nuclear deal, the president can be very important in exploring possibilities for different kinds of outcomes. Pezeshkian would make a case to start talks with the US while Jalili would not. For sanctions to be lifted, one needs to be interested in talking with the West - whether you have… an intransigent president, it does make a difference.”

author
Professor at the Johns Hopkins School of Advanced International Studies
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“It is not difficult to understand why most Iranians are angry. Living standards and poverty may have improved in the last two years, but this is not true going back a decade or two. The new president can inject hope and stop the conditions from getting worse, but not get Iran back to the 2000s.”

author
Professor of Economics at Virginia Tech
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“I know the people very well, respect them greatly. They did take about 100 percent of our chip business. I think Taiwan should pay us for defense. You know, we're no different than an insurance company. Taiwan doesn't give us anything.”

author
Former US president
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“It is important to understand that these are not punitive tariffs. Countries such as the U.S., Brazil and Turkey had used punitive tariffs, but not the EU. Europe does things differently. For nine months, the European Commission had examined in great detail whether Chinese companies had benefited unfairly from subsidies. Any countervailing duty measure that results from the EU review is not a punishment. Such measures were meant to compensate for the advantages granted to Chinese companies by Beijing. Common, equal standards for market access should be achieved.”

author
Vice Chancellor of Germany and Federal Minister for Economic Affairs and Climate Action
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“North Korea's socialist rationing system has completely collapsed. The North Korean people are going out to jangmadang to live their lives and internal marketization is accelerating. Around 36 percent of North Korea's population owns a cellphone, which translates to around 7 million cellphones, for use in exchanging information and watching South Korean TV dramas. More than 50 percent of North Korean defectors acknowledged having given a bribe while they were in the North, pointing to a structuralization of corruption. North Korean people are undergoing a major shift in psychology from collectivism to individualism and showing signs of deepening distrust of the regime.”

author
Minister of Unification of South Korea
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“[G7 nations' plan for a $50bn loan to Ukraine] is a very historic step and a historic decision. The next step will be just to create the technical conditions for implementation in the shortest possible time. The Russian president has a very obvious plan: he wants to push ahead with his war until everyone else gives up supporting Ukraine. This plan has failed today. With the G7 states' plan to mobilise $50bn, which will be financed from the windfall profits of the frozen Russian assets, the foundation has been laid for Ukraine to be able to procure everything it needs in the near future, not only in terms of weapons, but also for reconstruction or energy infrastructure.”

author
Chancellor of Germany
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“They've legislated Palestinian money away, giving the finance minister in Israel the power to do with that money as he sees fit, whether it's to compensate Israeli families affected by Palestinian attacks or to even direct it elsewhere and now he's putting that into action. This could potentially open the floodgates to a very serious financial crisis in the Palestinian Authority (PA) rooted in the political fact that Israel controls every aspect of life not just of ordinary Palestinians, but of the coffers of PA that is supposed to take care of them.”

author
Palestinian political analyst based in Ramallah
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“For the first time, the U.S. is shifting towards something that begins to look like ... an effort to set up a global financial embargo on Russia. The message here is really one to banks in China and Turkey and the UAE and elsewhere outside of the G7 they face sanctions for continuing to engage in transactions with the big Russian banks and other sanctioned Russian banks. This would likely spark a major retreat by those banks from Russia. That financial pullback, in turn, is probably going ... to complicate the flow of goods from countries that are continuing to trade with Russia.”

author
Nonresident fellow at the Carnegie Endowment for International Peace - White House senior director for international economics in 2021 and 2022
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“Today's actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries. We are increasing the risk for financial institutions dealing with Russia's war economy and eliminating paths for evasion, and diminishing Russia's ability to benefit from access to foreign technology, equipment, software, and IT services. Every day, Russia continues to mortgage its future to sustain its unjust war of choice against Ukraine.”

author
United States Secretary of the Treasury
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“Nowadays, the world order is switching to a fairer and more balanced state, based on multipolarity and multilateralism. The economies of the BRICS bloc have been able to smash the hegemony of the United States, and they are the hope for the development of cooperation and complementarity among the countries.”

author
President of Bolivia
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“I think where we are primarily focused are on Chinese companies that have been involved in a systematic way in supporting Russia. We've also looked closely at financial institutions.”

author
U.S. Deputy Secretary of State
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“Anaklia is the crown jewel of the Middle Corridor. If you have China building such a key point, then you are giving them the capacity and opportunity to control a very important route for trade between Europe and Asia.”

author
Distinguished fellow at the German Marshall Fund and former European Union ambassador-at-large for connectivity
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“The decision to make this announcement [Chinese consortium building a strategic port in Anaklia on Georgia's Black Sea coast] the day after the 'foreign agent' vote doesn't look to be an accident. It's been an open secret that the government has wanted to award this to the Chinese, but this choice of companies is very concerning, and the timing sends something of a message.”

author
Former Minister of Defence of Georgia
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“For China, South Korea, and Japan, our close ties will not change, the spirit of cooperation achieved through crisis response will not change and our mission to safeguard regional peace and stability will not change.”

author
Chinese Premier
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“Most of the [new energy] supply chain is in China. What we want China to do … is to look at Africa as a way of diversifying the supply chain because Africa has minerals and metals to support this. Africa also has renewable energy sources, so the processing of these materials should have been in Africa. We're seeing the African market exists not just for Africa, but for the rest of the world. Because if you process in Africa, you can use [Africa's] renewable energy to process, and you will have a lower carbon footprint. You can also export from Africa to Europe.”

author
Chief executive of the Africa Finance Corporation
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“U.S. and European support for Ukraine has been essential for Ukraine's resistance to Russia's invasion. And let me be clear: It is also critical for the security of the American and European people. If we stand by as dictators violate territorial integrity and flout the international rules-based order, they have no reason to stop at their initial targets. They will keep going. The U.S. and Europe must show that Russia cannot outlast their resolve to defend a rules-based order that took them decades to shape. This includes the need to crack down on Russian sanctions evasion and provide Ukraine the funding to equip its military, fund critical government services and ultimately rebuild once the conflict ends. That's why I believe it's vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine. This will be a key topic of conversation during G7 meetings this week.”

author
United States Secretary of the Treasury
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“We value the stability of Russia-China relations. The one word I can use to describe our relationship is 'trust.' That's very important because if you look at the cooperation with the Western countries, we don't have, and we have never had, mutual trust. But with China, we have a mutual trust. Our cooperation during the last two years developed very fast. The two countries could deepen cooperation in finance and banking, as well as in sci-tech and investment.”

author
Director of the Institute of Asian and African Studies of Moscow State University
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“This is an unexpected, but, unfortunately for Ukraine, a very effective move. Unlike many top Russian officials, Belousov has not been involved in corruption scandals and has a reputation as a workaholic technocrat and a devout Orthodox Christian. Putin wants him to clean the Augean stables of the defence ministry so that military spending spearheads the resurgence of Russia's economy. The effectiveness of Russia's military-industrial complex will be boosted, and instead of being a 'black hole' of budget spendings, the defence ministry may become a driver of economic growth, when war spendings stimulate the growth of Russia's GDP.”

author
Kyiv-based analyst
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“This visit [Xi Jinping in Belgrade] shows that Serbia has exchanged Russia for China went it comes to its main partner to bargain with the West. The full-scale invasion of Ukraine placed the Serbo-Russian relationship under close monitoring, so the government sees a benefit in playing the Chinese card more often now since it's deemed to be less provocative. The Balkans, and Serbia in particular, have become even more interesting for China now that one branch of the Belt and Road Initiative through Russia and Belarus was effectively cut off with the full-scale invasion of Ukraine.”

author
Researcher at Belgrade Centre for Security Policy
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“The United Nations Development Programme's initial estimates for the reconstruction of … the Gaza Strip surpasses $30bn and could reach up to $40bn. The scale of the destruction is huge and unprecedented … this is a mission that the global community has not dealt with since World War II.”

author
UN assistant secretary-general
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“Treasury has consistently warned that companies will face significant consequences for providing material support for Russia's war, and the U.S. is imposing them today on almost 300 targets.”

author
United States Secretary of the Treasury
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“ByteDance, for its part, maintains that it is not actually subject to control by the Chinese government. The weight of the evidence suggests otherwise: The Chinese state owns a “golden share” in the company, the firm is based in China, and studies suggest that the government shapes TikTok content in accordance with party preferences. ByteDance has said it has no plans to sell TikTok; but that might merely be a means of driving up the price. What the company now has is a golden opportunity to prove its independence for once and for all: by selling TikTok and taking the money.”

author
Law professor at Columbia
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“I saw that Huawei just put out a new laptop that it boasted was AI capable, that uses an Intel chip. I think it demonstrates that what we're focused on is only the most sensitive technology that could pose a threat to our security. We're not focused on cutting off trade, or for that matter containing or holding back China.”

author
U.S. Secretary of State
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“The United States has adopted an endless stream of measures to suppress China's economy, trade, science and technology. This is not fair competition but containment, and is not removing risks but creating risks.”

author
State Councillor and China's foreign minister
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“China alone is producing more than 100 percent of global demand for products like solar panels and electric vehicles, and was responsible for one-third of global production but only one-tenth of global demand. This is a movie that we've seen before, and we know how it ends. With American businesses shuttered and American jobs lost.”

author
U.S. Secretary of State
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“By including the Ukraine package in a bill that also provides military aid to Israel and Taiwan, the US shows the world that it equals Ukraine's and Israel's archenemies - Russia and Iran. This is a mighty geopolitical slap for China. As the trade turnover between Russia and China rose to $240bn last year, the more the US pushes Beijing, the more discounts for oil and gas China gets from Russia.”

author
Kyiv-based analyst
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“The Islamic Republic of Iran, in line with the neighbourhood policy … is interested in promoting relations with Pakistan and during this trip, various issues including economic and commercial issues, energy and border issues will be discussed with the government of Pakistan.”

author
Statement by the Iranian Presidential Office
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“Tariffs are currently 7.5 percent on electric vehicle battery packs but 25 percent on the components of those packs. The lower rate should be raised. China had long steered its subsidies to companies that manufacture and source their products in China - and sometimes had required those companies to be Chinese-owned. In order to build up industrial sectors where China has a first-mover advantage and now a cost advantage you need to have an insulated market - and to use some of the tools that China has already used.”

author
Senior fellow at the Council on Foreign Relations in Washington and a former adviser to the U.S. trade representative under Mr. Biden
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“China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry. China cannot export its way to recovery. China is simply too big to play by its own rules.”

author
Head of the White House National Economic Council
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“U.S. should refrain from turning economic and trade issues into political or security issues and view the issue of production capacity from a market-oriented and global perspective. The development of China's clean energy sector, where overcapacity concerns are felt most acutely, will support the global energy transition.”

author
Chinese Premier
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“While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing. This has not meant ignoring our differences or avoiding tough conversations. It has meant understanding that we can only make progress if we directly and openly communicate with one another.”

author
United States Secretary of the Treasury
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“China is too large to export its way to rapid growth and would benefit by reducing excess industrial capacity which is pressuring other economies. Overcapacity isn't a new problem, but it has intensified, and we're seeing emerging risks in new sectors.”

author
United States Secretary of the Treasury
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“China is building a first-class business environment that is market oriented. In traditional areas like trade and new ones such as climate change and artificial intelligence, China and the United States should become boosters for each other's development, not obstructions on each other.”

author
President of the People's Republic of China
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“The second reason for our meeting today is that the Commission has just paid to Ukraine a first tranche of EUR 4.5 billion from the Facility. It is the very first time that there is a disbursement now. This payment, in the form of a bridge financing, is crucial to help you maintain the functioning of the state in this very difficult moment. In April, once Ukraine fulfils the conditions we agreed upon, we will make a second disbursement of the bridge financing of EUR 1.5 billion. So today is a good day for Ukraine. Funds are flowing to meet urgent needs. And the country has laid a solid foundation for the EU's support, right up until the end of 2027.”

author
President of the European Commission
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“In recent years, though the United States has never found any evidence of TikTok posing a threat to U.S. national security, it has never stopped going after TikTok.”

author
Spokesperson of China and deputy director of the Foreign Ministry Information Department of China
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“They see technology as the solution to every problem they're facing - economic, environmental, demographic, social. If they cannot make sufficient advances in this domain, it's going to be very difficult for them.”

author
Researcher at the National Bureau of Asian Research who studies China's strategic thinking
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“After decades of underspending, we must invest more on defence, but we need to do it better and together. A strong, resilient, and competitive European defence industry is a strategic imperative.”

author
EU High Representative for Foreign Affairs and Security Policy
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“Today, we are further tightening the restrictive measures against Russia's military and defence sector. We remain united in our determination to dent Russia's war machine and help Ukraine win its legitimate fight for self-defence.”

author
EU High Representative for Foreign Affairs and Security Policy
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“If you look at the way the economy is unfolding, largely things are happening in the urban areas where normal activity has resumed in the period after the COVID pandemic, but there's a fair amount of stress in rural areas which is reflected in the consumption demand. The budget is a sign of a government very comfortable in the prospects of its re-election. They are far more confident of their re-election this time than the previous interim budget in 2019, so played their cards accordingly on the budget … and did not go against convention.”

author
Senior director at India Ratings & Research, a Fitch unit
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“This guarantees funding for four years, so it gives a longer-term sense of security. There's also a lot of talk here about some of these funds going into an investment fund to try to attract private sector investment.”

author
Al Jazeera’s journalist reporting from Kyiv
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“We have a deal. The move locks in steadfast, long-term, predictable funding for Ukraine. EU is taking leadership and responsibility in support for Ukraine; we know what is at stake.”

author
President of the European Council
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“The global economy continues to display remarkable resilience, with inflation declining steadily and growth holding up. The chance of a 'soft landing' has increased. We are very far from a global recession scenario.”

author
Chief Economist, International Monetary Fund
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“The move by the trio is likely the silliest own goal since the United Kingdom voted for Brexit. The three countries were already among the poorest in ECOWAS, and indeed the world - and leaving [ECOWAS] won't help.”

author
Head of macro strategy at London-based investment management company FIM Partners
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“[Hungary and Serbia] are the leading recipients of Chinese foreign direct investment in 2023 in Central and Eastern Europe. China is building and partly financing a Budapest-Belgrade high-speed railway. Chinese electrical vehicle battery manufacturer CATL is investing $7.6bn in the Hungarian city of Debrecen for the construction of a battery plant. It would be Europe's largest electrical battery facility. It would be CATL's single-largest overseas investment and its second facility in Hungary.”

author
Fellow with the German Institute for International and Security Affairs
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“The collapse of the Russian economy that many had hoped would precipitate the demise of Putin's regime also did not materialise. The economy is, in fact, in overdrive due to the unprecedented military spending, with the national gross domestic product (GDP) growing faster than the world's average, wages rising at a record rate and the percentage of people living in poverty falling back to levels not seen since the collapse of the USSR. This overdrive may backfire, but not too soon and likely not catastrophically.”

author
Freelance journalist based in Riga
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“The decline yesterday, today and maybe for the next couple of weeks, is a result of people locking in profits and reconsidering what the narrative is - are rates really going down five or six times as it appeared to be the narrative at the end of last year?”

author
Managing partner at Kace Capital Advisors
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“Apart from India's increased purchases of Russian oil, the relationship had been less close since the Ukraine invasion. Still India will remain reliant on Russia to some degree, particularly in the energy and defense sectors. Russia is the only country that has provided India with nuclear reactors - notwithstanding the fact that India signed a nuclear deal in 2008 with the United States.”

author
Professor at Jawaharlal Nehru University in New Delhi
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“We consider such actions unacceptable, especially in relation to such large international commercial projects as Arctic LNG 2, which affect the energy balance of many states. The situation around Arctic LNG 2 once again confirms the destructive role for global economic security played by Washington, which speaks of the need to maintain this security but in fact, by pursuing its own selfish interests, tries to oust competitors and destroy global energy security.”

author
Russia's foreign ministry spokeswoman
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“Powell is not stupid. If he set expectations for more than 75 basis points of rate cuts, he did it for a reason. As lower inflation filters through the economy, firms that this year were able to raise prices will find it more difficult to do so next year, and may need to turn to trimming labor costs to protect their profits. Signaling easier policy ahead is a bid to head off those kinds of nasty disinflationary dynamics.”

author
Chief Economist at SGH Macro Advisors
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“Today we are taking steps to level new and powerful tools against Russia's war machine. And we will not hesitate to use the new tools provided by this authority to take decisive and surgical action against financial institutions that facilitate the supply of Russia's war machine.”

author
United States Secretary of the Treasury
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“Caputo had declared a social murder without flinching like a psychopath about to massacre his defenceless victims. Your salary in the private sector, in the public sector, in the popular, social and solidarity economy, in the cooperative or informal sector, for retirees and pensioners, will get you half in the supermarket. Do you really think that people are not going to protest?”

author
Left-wing activist
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“I see no reason, on the path that we're currently on, why inflation shouldn't gradually decline to levels consistent with the Federal Reserve's 2% target.”

author
United States Secretary of the Treasury
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“I want to be clear: without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks. There is no magical pot of funding available to meet this moment. We are out of money - and nearly out of time. Cutting funding would kneecap Ukraine, putting its forces on the defensive and possibly on the retreat.”

author
Director of the United States Office of Management and Budget
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“This 12th package will include … new export bans, among them … diamonds. There would also be actions to tighten the oil price cap, in order to decrease the revenue that Russia is getting from selling its oil - not to us but to others - [and] fighting against circumvention.”

author
EU High Representative for Foreign Affairs and Security Policy
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“China regards Europe as a comprehensive strategic partner and an important pole in a multipolar world. It is hoped that Germany will push the EU to uphold the principles of marketisation and fairness, and work with China to safeguard fair market competition and free trade.”

author
President of the People's Republic of China
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“We've gone from 14,000 (artillery) rounds per month to 20,000 very quickly. We're working ahead of schedule to accelerate that production capacity up to 85,000, even as high as 100,000 rounds per month. And I think the Israel situation is only going to put upward pressure on that demand.”

author
General Dynamics' chief financial officer
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“There is so much going on in the world and geopolitics in the wars that you're seeing and what just happened recently in Israel and Gaza. At the end of the day, when you put all this together, I think the impact on economic development is even more serious.”

author
World Bank President
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“As long as Ukraine is able to certify that the grain is going to get to the country of destination, through the trucks and trains, the domestic use ban is not really going to put a dent in Ukraine's ability to get exports out.”

author
Senior agricultural strategist for Marex
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“Russia's central bank is a hawkish institution that takes its commitment to inflation fighting seriously. With fiscal policy set to remain loose, the economy likely to continue overheating and inflation pressures to build further, there will be more pressure on the central bank to tighten monetary policy.”

author
Senior emerging markets economist
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“Russian airlines have solved the problem of operating under Western sanctions. At first there was a shock, no one knew what to do. After two to three months, new supply channels were found and, after six or nine months, quite a lot of alternatives appeared, which allowed for a reduction in prices and delivery times.”

author
Head of the AviaPort aviation think-tank in Moscow
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“Cutting interest rates is necessary. It is about stabilizing the property sector and offering calibrated relief to companies and local governments that are experiencing financing woes.”

author
Chief economist in the Beijing office of Deloitte
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“What China should do is back off its obsession with state and party-led industrial policy, redistribute income and wealth to households and the private sector, implement tax and social security reforms, and allow the prices of capital, land and labour to be determined in the market. But I'm not holding my breath.”

author
Research associate at Oxford University’s China Centre
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“The way that [Japan and China] are similar is that there's an open question about whether they have been overinvesting, and piling up a lot of debt. That means that eventually, they need to pay down the debt, and that is going to mean lower growth.”

author
Deputy China research director at Gavekal Dragonomics
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“That's not good because when bad folks have problems, they do bad things. China is a ticking time bomb. China was growing at 8 percent a year to maintain growth. Now, close to 2 percent a year.”

author
President of the United States
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“By quarter, the GDP grew by 4.5 percent year on year in the first quarter and 6.3 percent in the second quarter. Market demand gradually recovered, production supply continued to increase, employment and price were generally stable, and residents' income grew steadily.”

author
Spokesman of the China National Bureau of Statistics (NBS)
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“Washington and its allies have sought to suppress China's tech sector with no regard for the potential damage the technological iron curtain may cause to global supply and industrial chains. But now the question is how long Washington can ignore the warning over the consequences when China starts taking legitimate and reasonable measures to safeguard its national security and interests. Compared with the US pressuring allies to cooperate on chip bans against China, China's move this time may be more of a warning, showing that China will not be passively squeezed out of the global semiconductor supply chain.”

author
Editorial
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“We've been supporting exactly this type of integration between China and Central Asia. Under that framework, we're trying to reduce trade barriers among the countries, harmonise trading standards to promote better integration, and just more forums where government officials can talk and try to develop standards to promote more trade.”

author
Asian Development Bank Chief Economist
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“A default would threaten the gains that we've worked so hard to make over the past few years in our pandemic recovery. And it would spark a global downturn that would set us back much further.”

author
United States Secretary of the Treasury
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“It's clear that the top leadership really wants to convince the world that China is back, and that China is open. Li Qiang faces an uphill battle with that messaging, however, given weak recent economic indicators, declining foreign investor optimism, concerns around China's future domestic policy direction and growing geopolitical concerns regarding China's relationship with Russia, or its designs over Taiwan. The rhetoric doesn't match the reality, at least not yet - and that's going to keep many people anxious. The focus on stability is reassuring, after several years of disruption, but I think a lot of investors are looking for more than that. They're looking for growth and opportunity, not more of the same cautious status quo.”

author
Lead on global trade for the Economist Intelligence Unit
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“In this uncertain world, the certainty China offers is an anchor for world peace and development. This is the case in the past and will remain so in the future. China will continue to seek progress while maintaining stability, consolidate and expand the momentum of economic recovery and promote the continuous overall improvement of China's economic performance.”

author
Chinese Premier
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“If a lot of businessmen move out of China it could start to look like a Chinese brain drain. And that is a development the government would want to stifle since China needs these private individuals to maintain its market dynamism.”

author
Senior researcher at the Danish Institute for International Studies
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“China is becoming a less attractive country to invest in, leading Chinese investors to seek out better opportunities abroad. And while it is challenging to move large amounts of money out of China, many have found a way.”

author
Expert on Chinese fintech and shadow banking at the University of Tennessee
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“Necessary procedures for those issues will be completed within this week. We will also get down to a process of revising rules for swiftly putting Japan back onto our trade whitelist and have consultations with Japan regarding the matter. Korea and Japan were able to resume government-level consultations after a yearslong hiatus, which is expected to boost cooperation between companies of the two nations and to reinvigorate sizeable investment.”

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South Korean Industry Minister
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“The de-dollarization of the economy, which the Russian authorities are so proud of, essentially translates into 'yuanization.' Russia is drifting toward a yuan currency zone, swapping its dollar dependence for reliance on the yuan. This is hardly a reliable substitution: now Russian reserves and payments will be influenced by the policies of the Chinese Communist Party and the People's Bank of China. Should relations between the two countries deteriorate, Russia may face reserve losses and payment disruptions.”

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Visiting fellow at the German Council on Foreign Relations
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“Global inflation remains high, global economic and trade growth is losing steam, and external attempts to suppress and contain China are escalating. At home, the foundation for stable growth needs to be consolidated, insufficient demand remains a pronounced problem, and the expectations of private investors and businesses are unstable.”

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Premier of the People's Republic of China
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“His [Kim Jong Un] concluding speech based on profound originality and scientific accuracy is a weapon of change that provided a springboard for an epochal leap in pushing forward with the gigantic process for implementing the programme for rural revolution in the new era.”

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Report by North's Korean Central News Agency (KCNA)
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“While we need to treat these numbers with caution as there might be significant seasonal and event factors, the overall trend still points to a solid recovery at the beginning of 2023. The decent PMI [Purchasing Managers' Index] readings provide a positive note for the upcoming National People's Congress. We expect the government to roll out further supportive policies to cement the economic recovery.”

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Economist at Guotai Junan International
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“The sustainability of the Russian economy is determined by its place in the global division of labour: it stands at the very beginning of technological chains as a supplier of natural resources. Since the global economy cannot grow without increasing its consumption of natural resources, the demand for Russian raw materials is maintained. This, to a large extent, has protected the Russian economy from the impact of sanctions.”

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Russian deputy finance minister in the 1990s
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“He [Kim Jong Un] expressed the fixed determination and will of the Party Central Committee to bring about a revolutionary turn in the agricultural production without fail, saying that nothing is impossible as long as the strong leadership system is established in the whole Party and there is the united might of all the people.”

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Report by North's Korean Central News Agency (KCNA)
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