An Assessment Of China’s Recent Financial Stability Law – Analysis

Recently, the People’s Bank of China (PBoC), together with the National Development and Reform Commission (NDRC), the Ministry of Justice, the Ministry of Finance, the China Banking and Insurance Regulatory Commission (CBIRC), the China Securities Regulatory Commission (CSRC), the State Administration of Foreign Exchange (SAFE) and other relevant departments have drafted the “Financial Stability Law of the People’s Republic of China (Draft for Comment)” (hereinafter referred to as the “Financial Stability Law”), which has attracted the attention of the society and the market. The PBoC pointed out that the enactment of the law is an institutional consideration, aiming at establishing institutional arrangements for preventing, resolving, and dealing with risks, improving the long-term mechanism for maintaining financial stability, enhancing China’s financial legal system, further fine-tuning the financial safety net, and firmly guarding against systemic risks.

What Is US-Launched ‘Uniting For Ukraine’ Program? – Analysis

U.S. President Joe Biden recently announced the Uniting for Ukraine program, which aims to streamline the process for Ukrainians who have fled their country and are seeking safety in the United States.

The new program, which took effect Monday, will complement existing legal pathways available to those fleeing Russian aggression due to the ongoing Russia-Ukraine crisis, Biden administration officials said.

Two Routes To Lower Inflation – Analysis

Inflation has stayed higher longer than I expected. I got that one wrong. I am happy to acknowledge my mistake, but I also want to know the reason why. This is not a question of finding excuses, I want to know why the economy is acting differently than I thought it would.

Africa Faces New Shock As War Raises Food And Fuel Costs – Analysis

The effects of the war in Ukraine leave policymakers with little room to maneuver.

Sub-Saharan African countries find themselves facing another severe and exogenous shock. Russia’s invasion of Ukraine has prompted a surge in food and fuel prices that threatens the region’s economic outlook. This latest setback could not have come at a worse time—as growth was starting to recover and policymakers were beginning to address the social and economic legacy of COVID-19 pandemic and other development challenges. The effects of the war will be deeply consequential, eroding standards of living and aggravating macroeconomic imbalances.

After Shekau: Confronting Jihadists in Nigeria’s North East

An ISIS franchise is tightening its hold on parts of north-eastern Nigeria near Lake Chad. Abuja should enhance its containment strategy, helping rival militants surrender, protecting internally displaced persons and working with neighbouring countries to cut off outside material support for the jihadists.

The EU Will Pay Dearly for Its Neglect of North Africa

In the fall of 2012, as Syria plunged into civil war and the Eurozone crisis generated panic across global markets, a parliamentary election in Ukraine signaled trouble ahead to those who were paying attention. The results that trickled out on Oct. 28, 2012, indicated that then-President Viktor Yanukovych’s Party of Regions had secured a strong position through dubious constitutional maneuvers and ballot manipulation.

Macron Now Has to Put France Back Together Again

Unlike European Union directives, which must be published in the languages of all the bloc’s member states, the sighs of relief heard across much of Europe at the outcome of yesterday’s French presidential election needed no translation. The suspense had already receded in the two weeks since the first-round ballot, as polls showed French President Emmanuel Macron widening his lead over far-right candidate Marine Le Pen. But with Macron’s reelection now sealed, the sense of having dodged a bullet in Brussels, the capitals of Europe, Washington and of course Paris is no less palpable.

Moral nation? Why Germany changed course so radically on Russia.

Germany’s warm welcome for Ukrainian refugees has accompanied a wider societal and political about-face – the shedding of a decadeslong pacifist nature in the face of the war in Ukraine. Chancellor Olaf Scholz overturned long-held policies by promising to send weapons to Ukraine, bolster an under-equipped German military, and shift away from cheap Russian energy supplies.