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china.org.cn

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May 8, 13:20

China's New Law to Boost Private Sector Development

China's new Private Sector Promotion Law, effective May 20, 2025, aims to boost private sector development by ensuring fair market access and equal resource allocation, with the government launching 3 trillion yuan worth of projects this year to promote private investment.

China's New Law to Boost Private Sector Development

China's new Private Sector Promotion Law, effective May 20, 2025, aims to boost private sector development by ensuring fair market access and equal resource allocation, with the government launching 3 trillion yuan worth of projects this year to promote private investment.

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Decent Work and Economic Growth

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How does the law address the issue of fair competition and equal access to resources for private businesses in China?

The law addresses concerns over uneven playing fields by legally mandating equal access to resources for private enterprises. This is coupled with a push for increased private sector participation in large-scale projects, as evidenced by the 20 percent private stake in some nuclear power projects and the 80 percent plus private investment in industrial equipment renewal. The government aims to increase private sector participation in infrastructure projects worth approximately 3 trillion yuan.

kathimerini.gr

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May 8, 13:20

Foreign Workers Crucial to Eurozone Economic Growth, ECB Study Finds

A European Central Bank study reveals that foreign workers comprised half of the Eurozone's workforce growth in the last three years, significantly mitigating labor shortages and boosting economic growth, particularly in Germany and Spain, while Italy focused on domestic labor.

Foreign Workers Crucial to Eurozone Economic Growth, ECB Study Finds

A European Central Bank study reveals that foreign workers comprised half of the Eurozone's workforce growth in the last three years, significantly mitigating labor shortages and boosting economic growth, particularly in Germany and Spain, while Italy focused on domestic labor.

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How significantly did foreign workers contribute to Eurozone economic growth and labor market recovery post-pandemic?

Foreign workers accounted for half of the Eurozone's workforce increase over the past three years, mitigating labor shortages and contributing significantly to economic growth. This influx has offset negative demographic trends, particularly in countries like Germany and Spain where the impact was most substantial. The improved skill levels of these workers are also a contributing factor.

europe.chinadaily.com.cn

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May 8, 13:20

ASEAN Strengthens Ties with BRICS Amid Rising Protectionism

ASEAN is strengthening its cooperation with BRICS in response to rising US trade barriers and global protectionism, leveraging its $3.8 trillion GDP and diplomatic influence to reshape international cooperation and create a more just world order, as stated by Malaysian Foreign Minister Mohamad Hasan...

ASEAN Strengthens Ties with BRICS Amid Rising Protectionism

ASEAN is strengthening its cooperation with BRICS in response to rising US trade barriers and global protectionism, leveraging its $3.8 trillion GDP and diplomatic influence to reshape international cooperation and create a more just world order, as stated by Malaysian Foreign Minister Mohamad Hasan...

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What are the key drivers behind ASEAN's increased cooperation with BRICS?

ASEAN, chaired by Malaysia, is strengthening its ties with BRICS, driven by rising US trade barriers and global protectionism. Malaysian Foreign Minister Mohamad Hasan emphasized the need for the Global South to lead in reshaping international cooperation, highlighting ASEAN's economic strengths and diplomatic openness as key assets. This collaboration aims to create a more inclusive and just world order.

europe.chinadaily.com.cn

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May 8, 13:20

Xi's Moscow Visit: Strengthening Sino-Russian Alliance Against Hegemonism

During his state visit to Moscow, President Xi Jinping called for concerted efforts with Russia to defend the legacy of World War II victory and oppose hegemonism, highlighting their joint participation in the upcoming 80th anniversary celebrations of the Soviet Union's Great Patriotic War.

Xi's Moscow Visit: Strengthening Sino-Russian Alliance Against Hegemonism

During his state visit to Moscow, President Xi Jinping called for concerted efforts with Russia to defend the legacy of World War II victory and oppose hegemonism, highlighting their joint participation in the upcoming 80th anniversary celebrations of the Soviet Union's Great Patriotic War.

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What are the immediate implications of Xi Jinping's visit to Moscow for the global political landscape?

President Xi Jinping's visit to Moscow for the 80th anniversary of the Soviet Union's Great Patriotic War victory signifies strengthened Sino-Russian collaboration against perceived hegemonism. Xi's statement emphasizes joint efforts to uphold the WWII victory's legacy and oppose power politics, highlighting the shared historical narrative and strategic alignment of both nations. This visit, Xi's 11th to Russia, underscores the deepening partnership between these two permanent UN Security Council members.

abcnews.go.com

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May 8, 13:20

Asian Markets Rise Despite Geopolitical Tensions and Trade War Uncertainty

Asian markets experienced moderate growth Thursday following the Fed's decision to keep interest rates unchanged, despite geopolitical tensions rising between India and Pakistan after cross-border missile strikes and ongoing uncertainty surrounding the US-China trade war.

Asian Markets Rise Despite Geopolitical Tensions and Trade War Uncertainty

Asian markets experienced moderate growth Thursday following the Fed's decision to keep interest rates unchanged, despite geopolitical tensions rising between India and Pakistan after cross-border missile strikes and ongoing uncertainty surrounding the US-China trade war.

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What was the immediate market reaction to the Federal Reserve's decision on interest rates, and how did geopolitical events influence this reaction?

Asian markets saw moderate growth following the Federal Reserve's decision to hold interest rates steady, defying expectations of a cut. Major indices like the Nikkei 225 and S&P/ASX 200 saw gains of 0.4% and 0.2%, respectively. However, geopolitical tensions between India and Pakistan, following cross-border missile strikes, dampened investor enthusiasm.

foxnews.com

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May 8, 13:20

Trump Administration Halts Harvard University Grant Funding

The Trump administration announced it is halting all future grant funding to Harvard University due to allegations of violating federal law and fostering antisemitism, escalating tensions between the White House and elite universities; the university president rejected the administration's demands.

Trump Administration Halts Harvard University Grant Funding

The Trump administration announced it is halting all future grant funding to Harvard University due to allegations of violating federal law and fostering antisemitism, escalating tensions between the White House and elite universities; the university president rejected the administration's demands.

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What are the underlying causes of the escalating conflict between the Trump administration and Harvard University?

This decision reflects a broader crackdown on universities accused of antisemitism, with some supporting the administration's accountability efforts while others criticize its methods. The administration previously froze $2.2 billion in funding and is seeking to revoke Harvard's tax-exempt status. Harvard President Alan Garber rejected the administration's demands, asserting the government shouldn't dictate university operations.

china.org.cn

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May 8, 13:20

UN Commemorates 80th Anniversary of WWII's End

The UN General Assembly held a special meeting on May 7, 2025, commemorating the 80th anniversary of WWII's end, with representatives from China, Russia, and Germany emphasizing the war's immense human cost and the need for global cooperation to prevent future conflicts.

UN Commemorates 80th Anniversary of WWII's End

The UN General Assembly held a special meeting on May 7, 2025, commemorating the 80th anniversary of WWII's end, with representatives from China, Russia, and Germany emphasizing the war's immense human cost and the need for global cooperation to prevent future conflicts.

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Peace, Justice, and Strong Institutions

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What was the main purpose of the UN General Assembly's special meeting, and what specific actions or statements highlight its significance?

The UN General Assembly held a special meeting on May 7, 2025, commemorating the 80th anniversary of WWII's end. China's representative highlighted China's significant role in the Allied victory, emphasizing over 35 million Chinese casualties and support for resistance efforts in Europe and the Pacific. Representatives from Russia and Germany also spoke, acknowledging their countries' roles and the immense human cost of the war.

europe.chinadaily.com.cn

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May 8, 13:20

US-Houthi Ceasefire: Limited Truce Amidst Regional Tensions

Following an Oman-brokered deal, the US announced a halt to its daily bombing of Yemen, but the Houthi militia will continue targeting Israeli ships, highlighting a limited ceasefire focused on protecting US maritime interests while leaving broader regional conflicts unresolved.

US-Houthi Ceasefire: Limited Truce Amidst Regional Tensions

Following an Oman-brokered deal, the US announced a halt to its daily bombing of Yemen, but the Houthi militia will continue targeting Israeli ships, highlighting a limited ceasefire focused on protecting US maritime interests while leaving broader regional conflicts unresolved.

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What are the immediate impacts of the US-Houthi ceasefire on regional stability and maritime security?

The US announced a halt to its daily bombing of Yemen following an Oman-brokered ceasefire with the Houthi militia. However, Houthi leaders stated they would evaluate the deal and continue targeting Israeli ships. This suggests a limited ceasefire, focused primarily on US interests.

themoscowtimes.com

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May 8, 13:20

European Parliament Members to Visit Moscow Amidst Ukraine War Tensions

Five European Parliament members, including two from Germany's anti-military aid BSW party, will visit Moscow May 8-10 for WWII commemorations, aiming to de-escalate the Ukraine conflict, before visiting Kyiv.

European Parliament Members to Visit Moscow Amidst Ukraine War Tensions

Five European Parliament members, including two from Germany's anti-military aid BSW party, will visit Moscow May 8-10 for WWII commemorations, aiming to de-escalate the Ukraine conflict, before visiting Kyiv.

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What are the long-term implications of this visit for European unity regarding Russia and the future of the Ukraine conflict?

The visit could signal a potential shift in European political discourse toward negotiating with Russia, potentially impacting future Western support for Ukraine. However, it also risks undermining Ukraine's efforts and could be viewed as legitimizing Russia's narrative. The visit's success will depend on tangible outcomes and meaningful dialogue beyond symbolic gestures.

global.chinadaily.com.cn

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May 8, 13:20

ASEAN strengthens ties with BRICS amid rising global protectionism

ASEAN is strengthening its partnership with BRICS amid rising US trade barriers and global protectionism, with Malaysian Foreign Minister Mohamad Hasan advocating for the Global South to reshape international cooperation, highlighting ASEAN's $3.8 trillion GDP as a significant asset in this endeavor...

ASEAN strengthens ties with BRICS amid rising global protectionism

ASEAN is strengthening its partnership with BRICS amid rising US trade barriers and global protectionism, with Malaysian Foreign Minister Mohamad Hasan advocating for the Global South to reshape international cooperation, highlighting ASEAN's $3.8 trillion GDP as a significant asset in this endeavor...

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Reduced Inequality

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How does Malaysia's role as ASEAN chair and a BRICS partner contribute to the strengthening of South-South cooperation?

The shift towards South-South cooperation between ASEAN and BRICS is driven by a perceived instability and unreliability of the current world economic order, characterized by rising protectionism and trade barriers. Mohamad Hasan's statement points to a strategic repositioning of ASEAN, leveraging its economic strength to influence global cooperation and promote a more inclusive system. This reflects a broader trend of developing nations seeking alternatives to Western-dominated institutions.

nbcnews.com

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May 8, 13:20

Trump Prioritizes Saudi Arabia in First Foreign Trip, Bypassing Traditional Allies

President Donald Trump will begin his second term with a visit to Saudi Arabia, prioritizing Middle Eastern economic and strategic relationships over traditional North American allies, marking a shift in U.S. foreign policy.

Trump Prioritizes Saudi Arabia in First Foreign Trip, Bypassing Traditional Allies

President Donald Trump will begin his second term with a visit to Saudi Arabia, prioritizing Middle Eastern economic and strategic relationships over traditional North American allies, marking a shift in U.S. foreign policy.

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How does Trump's focus on economic deals and diplomatic breakthroughs in the Middle East reflect a change in U.S. foreign policy priorities?

Trump's choice to visit Saudi Arabia underscores a broader strategy emphasizing economic opportunities and geopolitical influence in the Middle East, potentially at the expense of long-standing relationships with Canada and Mexico. This decision builds on previous engagements under both Trump and Biden administrations, reflecting a growing recognition of the region's economic significance, particularly in light of ongoing global conflicts and competition with China. The trip aims to secure significant economic deals and diplomatic breakthroughs in the region.

abcnews.go.com

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May 8, 13:20

V-E Day 80th Anniversary: Europe Celebrates Peace Amidst Ongoing War and Rising Nationalism

The 80th anniversary of V-E Day is celebrated across Europe amidst the ongoing war in Ukraine and the rise of the far right, highlighting the fragility of peace and the need for continued vigilance in protecting democratic values.

V-E Day 80th Anniversary: Europe Celebrates Peace Amidst Ongoing War and Rising Nationalism

The 80th anniversary of V-E Day is celebrated across Europe amidst the ongoing war in Ukraine and the rise of the far right, highlighting the fragility of peace and the need for continued vigilance in protecting democratic values.

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What are the most significant challenges facing Europe today, and how do these challenges contrast with the context of V-E Day 80 years ago?

The 80th anniversary of V-E Day is marked by celebrations across Europe, yet overshadowed by the ongoing war in Ukraine and the rise of the hard right in several EU member states. Leaders are emphasizing the need for European mobilization around fundamental values and security, highlighting the fragility of peace in Europe. This contrasts sharply with the joyous celebrations of 1945, when the surrender of Nazi Germany marked an end to World War II in Europe.

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