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Twitter removes 23,750 China-linked accounts for spreading disinformation

Twitter has removed 23,750 China-backed accounts in the latest move to combat disinformation campaigns on its platform, reported the South China Morning Post. These accounts spread deceptive or political narratives favorable to the incumbent governments. The step follows the removal of 936 China-backed Twitter accounts in August last year. The same state actor was behind both […]

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Brief Economics & Trade Energy & Environment

Mega refinery wins approval in China’s eastern oil hub

China’s central planning agency has given the go-ahead for planning to begin for the construction of a mega refinery in East China’s Shandong province that will replace at least 10 barely profitable facilities in the oil refining hub, reported Caixin. The approval marks another step forward for a provincial government plan to consolidate the privately owned refineries […]

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Brief Economics & Trade Politics & Society

Australia won’t be intimidated by China’s ‘coercion’, prime minister says

Australian Prime Minister Scott Morrison said that he would not be intimidated or give into coercion when asked on Thursday whether Australia would keep taking hits on exports from major trading partner China, reported the South China Morning Post. Diplomatic tensions between China and Australia have worsened after Canberra called for an international inquiry into the source and spread of […]

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Brief Consumer

China faces outcry after premier says 40% of population struggles

China is facing a public outcry over its claim that Beijing had “basically won” the war against poverty after Premier Li Keqiang admitted that more than two-fifths of the population made less than $140 a month, reported the Financial Times. A week after Li announced the figure, saying it was “hardly enough” to rent a […]

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Banking & Finance Brief

China’s new bank loans fall in May, but broader credit growth quickens

New bank lending in China fell more than expected in May but broader credit growth quickened as the central bank continues to ease policy to get the economy back on solid footing after the coronavirus crisis, reported Reuters. Banks extended RMB 1.48 trillion ($209.47 billion) in new RMB loans in May, down from RMB 1.70 […]