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Academia Sinica calls for central bank policy shift

Academia Sinica yesterday called on the central bank to adjust its longstanding policy of keeping interest rates low and local currency exchange rates weak, which has contributed to national economic stagnation and excessive liquidity. The Taipei-based research body made the appeal at a news conference after releasing recommendations on how the monetary policymaker can enhance stabilization of Taiwanโ€™s currency market and banking institutions. โ€œTaiwanโ€™s economic and financial development s...
T Ai Pei National Chengchi University Lee Wen Chieh Wang Shinn Shyr Wang Ping Huang Tzu Hsun

Research shows Western lenders create most of African debt crisis

* African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest. * The so-called debt-trap narrative exploited by the West against China is untrue, African scholars and economists told Xinhua. * Campaigners have been calling on…
United States Xu Zheng United Kingdom Kenya General Nairobi Area Cao Ying

Research shows Western lenders create most of Africa's debt crisis

* African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest. * The so-called debt-trap narrative exploited by the West against China is untrue, African scholars and economists told Xinhua. * Campaigners have been calling on…
United States Xu Zheng United Kingdom Kenya General Nairobi Area Cao Ying

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