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Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank

By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy. While some moderation in lending had been expected after a record first quarter, the …

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Germany warns EU on hitting China with Russia sanctions – sources

By Gabriela Baczynska BRUSSELS (Reuters) – Germany led calls urging caution against targeting China under new European Union sanctions over Russia’s invasion of Ukraine during a first discussion among the bloc’s 27 countries on proposed new restrictions, five diplomatic sources said. The EU is discussing its 11th package of sanctions since Russia invaded Ukraine, meant …

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ASEAN leaders urge South China Sea restraint, concerned over North Korea tests

(Reuters) – Association of Southeast Asian Nations (ASEAN) leaders on Thursday urged restraint and peaceful resolution of disputes in the South China Sea and said a surge in missile tests by North Korea was a threat to regional peace. A post-summit statement issued by chair Indonesia said the leaders welcomed efforts to conclude work on …

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China hands eight-year jail term to activist at trial barred to diplomats

By David Kirton and James Pomfret SHENZHEN/HONG KONG (Reuters) -China sentenced lawyer and prominent rights activist Guo Feixiong to a prison term of eight years on Thursday, with diplomats from several countries saying they were barred from the trial in the southern city of Guangzhou. The sentence follows terms of more than a decade in …

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Hong Kong political cartoon axed after government pressure, cartoonist says

By James Pomfret and Jessie Pang HONG KONG (Reuters) -A Hong Kong newspaper on Thursday scrapped a satirical cartoon after a decades-long run following a series of complaints by authorities, the cartoonist said, in what was seen as the latest blow to media freedom in the China-ruled city. The Ming Pao newspaper said in a …

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ASEAN will not give up on Myanmar peace despite no progress – minister

By Kate Lamb LABUAN BAJO, Indonesia (Reuters) -Southeast Asia’s ASEAN grouping will not give up trying to end violence in fellow member Myanmar even though the ruling military there has made no progress on a peace plan it agreed with the bloc two years ago, Indonesia said on Thursday. Frustration has mounted among some members …

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Armenia, Azerbaijan accuse each other of new crossborder attacks

TBILISI (Reuters) -Armenia and Azerbaijan blamed each other for an exchange of fire in a border area on Thursday in which Azerbaijan said one of its soldiers was killed. The clashes come amid an intensification of diplomatic talks between the two South Caucasus rivals aimed at bringing them back from the brink of another all-out …

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