How much money does the world owe China? | Counting the Cost

China has been rapidly rolling out its Belt and Road Initiative to build new roads, ports and rail lines in mostly developing nations, extending the country’s reach across continents. China says the infrastructure will benefit countries while critics say China is extending unfair influence over others. Many nations have been rethinking their involvement amid accusations … Read more How much money does the world owe China? | Counting the Cost

World Bank: Businesses still see China as attractive market

Martin Raiser, the World Bank Country Director for China, South Korea and Mongolia has responded to trade protectionists’ calls to move supply chains out of China. He told CGTN that businesses still see China as an attractive market to produce and sell. He feels that after COVID-19, the world needs more cooperation in responding to … Read more World Bank: Businesses still see China as attractive market

Former World Bank chief economist talks about China’s 1 trillion COVID-19 bonds

According to the government work report submitted to the national legislature for deliberation on Friday, China plans to issue one trillion yuan (about 141 billion U.S. dollars) of government bonds for COVID-19 control. On this, CGTN Host Tian Wei interviewed Professor Justin Yifu Lin, former World Bank chief economist and director of the Center for … Read more Former World Bank chief economist talks about China’s 1 trillion COVID-19 bonds

World Bank welcomes China dropping economic target

Every year, China’s Two Sessions attract worldwide attention, as policies announced here often shape China’s future economy and society. CGTN reporter Yang Shanshan speaks with Martin Raiser, World Bank country director for China, South Korea and Mongolia. Raiser says he’s inspired by the Chinese government’s work report this year, particularly the dropping of an economic … Read more World Bank welcomes China dropping economic target

Come Together: China’s progress in building a law-based government

According to the latest World Bank Doing Business 2020 report, China has topped the world in terms of the quality of its judicial process. In 2019, the number of registered criminal cases in China dropped by 4.1 percent. The caseload in eight categories of serious violent crimes also fell by 10.3 percent, making China one … Read more Come Together: China’s progress in building a law-based government

Coronavirus update: The latest COVID-19 news for Thursday May 21 | ABC News

The epicentre of new cases and death tolls during this coronavirus pandemic has shifted over several months from China, to Europe and then to the USA. There’s always been concern about what could happen when the virus gets to less developed countries and the numbers are shooting up in places now like Latin America. Australia’s … Read more Coronavirus update: The latest COVID-19 news for Thursday May 21 | ABC News

What’s the state of China’s economic recovery?

What is the state of China’s economic recovery post COVID-19 pandemic? Wang Guan breaks down key economic data, and discusses the prospects of China’s economy with World Bank China Director Martin Raser and Vanguard Group Chief Economist Wang Qian. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our … Read more What’s the state of China’s economic recovery?

Lebanon plunges toward mass poverty amid virus crisis

Even before the COVID-19 pandemic shuttered businesses across the country, Lebanon’s economy was in dire straits. At the end of 2019, 45% of Lebanese were living in poverty, according to the World Bank; soon that’s estimated to become more than 75%. As a result, hundreds of thousands of Lebanese are facing hunger and homelessness on an … Read more Lebanon plunges toward mass poverty amid virus crisis

Poorer students struggle with distance-learning in Ivory Coast

Poorer students in the Ivory Coast are struggling with distance schooling. According to the World Bank, only one in three Ivorian children finishes middle school. The closing of education facilities for nearly two months now, will not help improve those odds. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest … Read more Poorer students struggle with distance-learning in Ivory Coast

Who should look after migrant workers affected by the pandemic? | Inside Story

Foreign workers are often the backbone of many societies. They are doctors, nurses, shop assistants and managers. Others take low-skilled work that citizens of wealthier nations won’t do. They have families that depend on the money they send back home. But millions of migrant workers have seen their livelihoods evaporate as the coronavirus spreads. Salaries … Read more Who should look after migrant workers affected by the pandemic? | Inside Story

Most Nigerians cannot afford to buy a house

The World Bank says Nigeria needs hundreds of billions of dollars to bridge its housing deficit. Home ownership is at a mere 25 percent, and Nigerians are finding it harder to buy as incomes fall along with the price of oil, the country’s main earner. Al Jazeera’s Ahmed Idris reports from Abuja, Nigeria. – Subscribe … Read more Most Nigerians cannot afford to buy a house

World Bank Trying to Get Cash to People, Not Just Goverments: Malpass

Apr.23 — World Bank President David Malpass discusses the impact of the coronavirus pandemic on the institution’s distribution of loans and grants to client countries, efforts to address global poverty, and the importance of U.S. contributions to the bank. He speaks with Bloomberg’s Tom Keene on “Bloomberg Markets.”

Coronavirus Pandemic: IMF and World Bank offer African countries financial help

On this edition, we talk about how the IMF and the World Bank are planning to alleviate the economic impact of the virus in Africa. Also, the Ivory Coast has seen a drop in rubber production since the start of the pandemic even though rubber products are in high demand. Finally, we debunk some videos … Read more Coronavirus Pandemic: IMF and World Bank offer African countries financial help