The #Yermak- #McFaul expert group, consisting of Ukrainian and American experts charged with assessing sanctions against Russia, is due to publish a report viewed by Le Monde in the next few days, showing how Moscow circumvents restrictions. The Russian missiles that kill #Ukrainians or destroy their infrastructure reach their targets thanks to electronic chips made by foreign companies like STMicroelectronics ( #French-Italian) and Intel Corporation ( #American). Ukraine Situation Report: Waning Flood Waters Could Provide Opportunity For Kyiv's Forces - The Drive It appeared that areas across from the Dnipro and “lake” or reservoir were lightly defended by the Russians Note: As discussed on Fox LiveNow, the flooding caused by Russia destroying the Nova Khakovka Dam provided a short-term operational advantage to them, but over time that would shift to the Ukrainians. Once again, these reports are unconfirmed, but they do point to the possibility that the massive changes to the landscape could work, at least partially, in Ukraine’s favor. There were previous accounts of fighting in the city near the dam itself, as well as heavy shelling. They are supposedly trying to establish a bridgehead far behind the current frontlines in Zaporizhzhia Oblast, posing a much more immediate threat to Russian defensive lines in occupied Kherson Oblast and Crimea. On Saturday, unconfirmed reports emerged claiming Ukrainian Special Forces had crossed the river upstream of the destroyed dam at Nova Khakovka. Nearly two weeks after Ukraine accused Russian forces of destroying the Nova Khakovka Dam, Kyiv may see the receding floodwaters as a gateway to Russia’s western flank. Why China’s economic recovery is hanging in the balance But Beijing has long made clear its view that ‘houses are for living in, not for speculation’, damping expectations of a glut of activity in the sector to drive growth.” In the past, China injected investment into the property sector to overcome downturns. Despite the critical obstacles to recovery, there are few expectations for a ‘big bang’-style stimulus. More stimulus will be needed to return growth to pre-pandemic levels, and the central bank is expected to enact further rate cuts, which will be accompanied by tax breaks and other support for small businesses. Economists said Beijing would need to resort to infrastructure to spur growth, suggesting policymakers could unleash local government special bonds (LGSBs) to spur investment. But the gauge also lost ground from last year, when it was growing at a rate of 10 per cent. “Infrastructure investment grew 8.8 per cent in May year on year, according to economists. But economists said on a seasonally adjusted basis, the gauge fell month on month, as a boost following the reopening began to fade.” Retail sales expanded 12.7 per cent year on year as rattled consumers returned to stores after last year’s tough pandemic restrictions. Analysts said the weakness in exports and property had also probably spilled over to industrial production, which decelerated in May. Exports fell 7.5 per cent year on year in US dollar terms last month after rising 8.5 per cent in April as slower growth abroad hit demand, erasing what was a critical lifeline for the Chinese economy during the depths of the pandemic. The real estate market showed signs of stabilisation in the first quarter following a prolonged slump, but it has begun to slip again in recent weeks. “Many bought flats before buildings were constructed, only to find the properties were not delivered after a regulatory crackdown on leverage levels sent a number of developers into default.
‘It’s not an exaggeration to say that property is at this point jeopardising the entire economic recovery,’ said Chris Beddor, deputy director of China research at Gavekal Dragonomics. China’s property sector, which accounts for about 30 per cent of its economic output, is at the root of the economic malaise, according to analysts. The government has already begun cutting interest rates, but analysts said fiscal rather than monetary stimulus would be needed to keep the recovery in the world’s second-largest economy on track. Exports, another important engine, are flagging as high inflation abroad saps demand for Chinese goods. While consumers are venturing out to spend, buyers are shunning property, one of the Chinese economy’s central growth drivers.
#Tinderbox serb nationalist match full#
“Five months after China’s president Xi Jinping declared victory over the pandemic and relaxed stringent social controls, new data this week revealed that the country’s economy was far from returning to full health.
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