BANGKOK (AP) — China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the economy by encouraging more consumer...
A statement issued after the meeting of the 24 highest leaders of the party warned that coming months would be tough, perhaps alluding to mounting global uncertainties ahead of the U.S. presidential election in November.
“This sounds promising on paper. But the lack of any specifics means it is unclear what it will entail in practice,” Julian Evans-Pritchard of Capital Economics said in a commentary. Under leader Xi Jinping, China has prioritized developing industries using advanced technologies such as electric vehicles and renewable energy, a strategy that has made the country a leader in some areas but also led to oversupplies that are now squeezing some manufacturers, such as makers of solar panels.
But the document issued Tuesday also highlighted longstanding concerns. The countryside and farmers need more support to “ensure that the rural population does not return to poverty on a large scale,” it said. Three years after its debut, 3x3 basketball is back in the Olympics. Here's a full explainer on the rules and Team USA schedules and rosters.Pressure on Diageo shares continued today after the drinks giant’s annual sales fell for the first time since 2020. BP and Standard Chartered shares were higher after their results, with the oil giant boosted by a 10% higher dividend. The recovery of 118.9p to 677.6p helped to drive the outperformance of the FTSE 250 index, which rallied by 0.9% or 192.
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