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  • Ravina Shamdasani
    Ravina Shamdasani “According to international law, Israel must ensure civilians have access to medical care, adequate food, safe water and sanitation. Failure to meet these obligations may amount to forced displacement, which is a war crime. There are strong indications that this [Rafah offensive] is being conducted in violation of international humanitarian law.” 22 hours ago
  • António Guterres
    António Guterres “I appeal to all those with influence over Israel to do everything in their power to help avert even more tragedy. The international community has a shared responsibility to promote a humanitarian ceasefire, the unconditional release of all hostages and a massive surge in life-saving aid. It is time for the parties to seize the opportunity and secure a deal for the sake of their own people.” 22 hours ago
  • Annalena Baerbock
    Annalena Baerbock “I warn against a major offensive on Rafah. A million people cannot simply vanish into thin air. They need protection. They need more humanitarian aid urgently … the Rafah and Kerem Shalom [Karem Abu Salem] border crossings must immediately be reopened.” 22 hours ago
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China's economic development

Page with all the IPSEs stored in the archive related to the Context China's economic development.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“Rogoff [Kenneth Rogoff] and Yang [Yuanchen Yang] also show both that housing prices in China are extremely high relative to incomes and that the real estate sector has become an incredibly large share of China's economy. None of this looks sustainable, which is why many observers worry that the debt problems of the giant property developer Evergrande are just the leading edge of a broader economic crisis.”

author
Op-Ed columnist, Distinguished Professor at the City University of New York Graduate Center, 2008 Nobel Prize in Economic Sciences
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“Evergrande's crisis is not unexpected, as its development has been influenced by hoarding capital and splashing into unrelated businesses, such as bottled water and new-energy vehicles. The market has overreacted to Evergrande's debt problem. The central government guided the direction of the domestic property market early in 2016: Houses are for people to live in, not for people to speculate on. Hence, the exposure of Evergrande's crisis underscores the authorities' firm determination to regulate a rapidly expanding sector, whose development relies on piles of debt. Those who badmouth Chinese economic prospects because of Evergrande's single case do not understand China's development model. China's future economic development relies on innovation and the real economy, rather than the short-term booster of the property sector.”

author
Professor at the Tianjin University of Finance and Economics
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