Education, e-commerce part of China’s services game plan to spur domestic consumption

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The Jack Ma-backed Ant Group was fined roughly US$ 1 billion by Chinese regulators in July for “illegal acts” that involved “internal participation in the business activities of bank and insurance institutions,” among other things.

The investigation into the software giant that began in 2020 was ended by the sentence. &nbsp,

The government’s effort to punish the world’s most powerful technology firms and billionaires was portrayed as the start of the investigation. &nbsp,

China announced a reduction in private tuition in July 2021 to lessen the strain and educational load on individuals. &nbsp,

In addition, the regulations for after-school education centers forbid online and offline mentoring over the holidays and vacation.

Use NEEDS MEETING DIVERSE

The 20 suggestions come in the midst of official statistics showing the country’s second-largest economy grew 4.7 per share in the April-June third. It surpassed a 5.1 percent analyst estimates in a Reuters poll, which was the slowest since the first third of 2023. &nbsp,

After stringent pandemic measures were lifted at the end of 2022, China’s lengthy property slump and job insecurity have hampered economic recuperation.

According to an economist, encouraging high-quality company consumption may help to “balance the Chinese economy’s economy” in a statement to the state-owned information outlet Global Times. &nbsp,

Many of the company use areas cited by economist Cao Heping of Peking University need to be developed more in order to raise China’s federal income levels.

One scientist claimed that the proposed actions “represent new concepts to promote consumption growth” in an opinion piece published on the state-run China Internet Information Center. &nbsp,

According to Associate Research Fellow Liu Jintao of Renmin University of China, the steps, such as expanding access to high-quality education resources and developing the gold economy, may benefit the population’s ageing.

They can also help the population by satisfying “relevant group’s diverse use needs,” leading to high-quality economic growth. &nbsp,

The government’s innovative strategy to promote use does not include proposed expenses. &nbsp,

According to the file, income tax cuts are intended to cover the cost of caring for seniors and children under three.

Beijing also made a pledge to support more financial aid for small, service-oriented eligible businesses, especially from banks.

The strategy calls for the development of road food that is well-known among visitors and for more food-themed festivals to be held. It commits to promoting China’s second big foreign firms ‘ establishment of their first branches.

Chinese officials made a public announcement last month that the stimulus measures needed to meet the country’s economic growth goal will be directed at buyers, breaking their customary policy of investing money in infrastructure projects, according to Reuters. &nbsp,

The country’s second-largest economy faces negative stresses, with retail sales and imports considerably underperforming business outcome and exports.

The Politburo, a top decision-making figure of the ruling Communist Party, pledged at the end of its July meeting to make” countercyclical changes” to join an economic growth target of around 5 per share for the year.

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CNA Explains: Bangladesh Prime Minister Sheikh Hasina has resigned and fled. What’s next?

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What led to Hasina’s withdrawal?

Barton noted that Hasina’s 15 years of rule were marred with fears about election fraud, bribery, corruption and totalitarian prosecutions.

” There typically seemed to be a democratic backsliding. So there were plenty of deep-rooted reasons for rage, of which the civil service allotment was really one”, he said.

Hasina’s departure was “ultimately forced,” according to Barton, but given that she began her third consecutive word earlier this year, it was not at the beginning.

It was evident to spectators and people that things could not possibly turn around, according to Nusrat Chowdhury, interact professor of anthropology and sociology at Amherst College.

She claimed that this was due to the violence that has swept the nation over the past two weeks as well as” the way the government seemed incredibly out of touch with what the protesters were wanting.”

” At the same time, I think many of us were surprised at the urgency in which the activities have unfolded”, Chowdhury noted.

She noted that the new protests had a long story and” cumulative impact of grievances and hatred” as being” spark that started the fire.”

What’s future?

The defense, which will be forming an interval state, is seen as a democratic organization and will have much power despite their place, said Chowdhury.

She cited the enthusiasm and commitment of the students who showed up to protest despite being shot at as “it will also be very hard for the martial or any opposing group to sabotage the action.”

” If it’s a belief that the demonstrators in Bangladesh have placed on the defense, it’s a transitory one, and they will be watching their actions extremely properly”.

Given that Hasina’s establishment of a” creeping autocratic rule in the country” is one of the main causes of the situation in Bangladesh, Mubashar Hasan, a post-doc researcher at the University of Oslo in Norway, said it is “quite clear” that the individuals did not applaud a military rule.

” Certainly, students are wary about a military-led interim government, because that is also not likely to be a government that may shy away from authoritarian fashion of ruling”, he said.

” At the same time, negotiation would be crucial”.

However, continuous military law is “certainly feasible” and a chance, said Barton.

” Once the joy of what’s happened … dies down, people will start to fear extremely about that”, he said.

Calling Bangladesh a” standout success story in advancement”, Barton added:” Doubtless the defense realises they should be part of the victory, rather than being blamed for it being threatened, but there needs to be new buildings put in place”.

A civil government could act as an interim state and organize an election that is fair and free if students reject military rule, according to Hasan. He made the point that Bangladesh had knowledge of this technique.

First, a lot of expectations may be focused on former prime minister Zia, and people will look to her for command, said Barton.

” Hopefully, the launch of this significant leader, but also other political prisoners or people who are detained over social costs, will restart a process of political conflict and openness”, he added.

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Commentary: People power has won in Bangladesh, for now

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The good times did n’t last. A combination of the epidemic and financial&nbsp, mismanagement&nbsp, took their toll on the emerging market, and two years ago it reached out to the International Monetary Fund and other foreign creditors to reduce decline.

It’s the&nbsp, third country &nbsp, in the region, after Sri Lanka and Pakistan, forced to knock on the International Monetary Fund’s ( IMF) &nbsp, door in recent times. All the&nbsp, volatility is adding to uncertainty in South Asia.

Not just the financial situation was the problem. The political protests over the last quarter have been a lightning rod for a wide range of problems from severe poverty to a failing private sector, Lutfey Siddiqi, visiting professor&nbsp, at the London School of Economics ‘&nbsp, international coverage think tank, told me.

” There’s also anger at the sheer lack of empathy and condescension with which Hasina has &nbsp, responded to those worries”, he said.

Despair WITH HASINA’S Federal

The prime minister ‘s&nbsp, ruling Awami League has most recently&nbsp, been in authority since&nbsp, 2009, but elections have &nbsp, been often boycotted by the opposition, and widely&nbsp, condemned&nbsp, as being poorly free and fair.

She capitalised on&nbsp, a storied legacy&nbsp, as the daughter of Sheikh&nbsp, Mujibur&nbsp, Rahman, Bangladesh’s foundation parents, going on to become the world’s longest-serving sexual president, but in recent years has clamped down on media freedom&nbsp, and quashed&nbsp, public debate. The incompetence of the economy simply exacerbated the issues. &nbsp,

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Civil servants in Malaysia urged to enhance performance in line with upcoming pay hike

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In line with the future pay raise in December, the Malaysian Congress of Union of Employees in the Public and Civil Services is urging Malaysian civil servants to constantly demonstrate a high level of responsibility and improve their job performance.

The government expects civil servants to demonstrate their ability to provide excellent service to the population, according to its president, Dr. Adnan Mat, who said he was optimistic about the new salary levels ‘ details, which will be announced next month.

The salary increase was announced on May 1 by Prime Minister ( Anwar Ibrahim ), according to the statement. Its implementation will take place in December. This implies that the government wants to see proactive contributions made by our ( civil servants ) prior to the pay increase.

Because they serve as the government’s eyes and ears, there should n’t be issues with integrity and others that can be raised by netizens ( the public ). A minor flaw can turn out to be a big deal, said Dr. Adnan after hosting an event at the Sultanah Nur Zahirah Hospital Auditorium in Kuala Terengganu on Monday ( Aug 5 ).

But, Dr. Adnan maintained that civil servants have always shown complete commitment to their jobs, as evidenced by the important role they played as frontliners during the COVID-19 epidemic a few years back.

Following the government’s plan to implement a salary adjustment, public service deputy director-general ( operations ), Mohd Shaiful Ibrahim announced earlier that civil servants can check and determine their salary increases under the Public Service Remuneration System starting the following week.

He stated that Mr. Anwar may make an announcement regarding the wage adjustment process at an event on August 16th.

The highest wage increase in the country’s past, which will increase by more than 13 % starting this December, was announced by Mr. Anwar on May 1.

Local media reported on the civil servants ‘ pay for the last 12 years.

There are some 1.2 million civil workers in the country, 90 per cent of whom are Bumiputeras, according to a previous statement from Free Malaysia Now.

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Meta apologises for removal of Malaysian PM Anwar’s posts on Hamas leader Haniyeh

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KUALA LUMPUR: Meta&nbsp, Platforms apologised on Tuesday ( Aug 6 ) for the removal of content from&nbsp, Malaysian Prime Minister Anwar Ibrahim’s Facebook and Instagram accounts related to the&nbsp, assassination&nbsp, of Hamas leader Ismail Haniyeh last week. Malaysia&nbsp, had asked&nbsp, Meta&nbsp, for an argument after&nbsp, the messages expressing condolences overContinue Reading