This article is a summary of important events that have taken place in last one week affecting, India's national security
#COUNTERING CHINESE MULTI DOMAIN , GREYZONE, HIGH BREED WARFARE
TikTok Crackdown Shifts Into Overdrive, With Sale or Shutdown on Table
Legislation that would ban TikTok in the U.S. or force its sale is hurtling toward a vote in the House following months of behind-the-scenes efforts on Capitol Hill. The new push caught the service off-guard, ratcheting up interest from possible buyers and raising the possibility that one of the most popular apps in the country could soon be shut down.
Lawmakers have decried TikTok for years, expressing concern that the app’s Beijing-based parent would share data about its users with the Chinese government or lean on TikTok to promote Beijing’s propaganda and shape Americans’ political opinions. But there were countervailing concerns that a forceful move against TikTok would spark a backlash from the millions of users who have embraced the app.
Tibet boarding schools: China accused of trying to silence language
Tibetan educational sociologist Gyal Lo can speak Mandarin Chinese fluently - but he would rather not.
He has spent the last few years telling the world about Beijing's sweeping educational reforms in Tibetan areas, and would prefer not to use the language of people he identifies as colonial oppressors.
China has expanded the use of boarding schools - for children as young as four - and replaced Tibetan as the main language of tuition with Chinese.
Beijing says these reforms give Tibetan children the best possible preparation for their adult lives, in a country where the main language of communication is Mandarin Chinese.
US Key to Philippines’ Plan to Tap Oil, Gas in South China Sea
Philippines may invite US companies to join, ambassador says
Raimondo to visit Philippines, Thailand to strengthen ties
The Philippines is counting on the US and its allies to play a crucial role in its plans to explore energy resources in the disputed South China Sea, according to Manila’s envoy to Washington.
The country is seeking to parlay its deepening security ties with Washington into broader economic benefits, said Philippine Ambassador to the US Jose Manuel Romualdez.
The Implications of an Inverted Yield Curve on China's Economy
In recent times, a notable development has taken place within China's vast government bond market. The yield curve, particularly the spread between 30-year and 10-year bonds, has significantly narrowed, raising concerns akin to those experienced during the United States' yield curve inversion. This phenomenon has triggered discussions regarding potential repercussions for China's economy, including the specter of an "asset famine" and the looming threat of a prolonged recession. This is the implications of (almost) inverted yield curve on China's economic landscape.
Implications for China's Economy:
The implications of a (almost) inverted yield curve on China's economy are multifaceted and warrant careful consideration:
Financial Market Instability: A flattening yield curve can contribute to financial market instability, as investors may interpret it as a signal of economic uncertainty. This perception could lead to increased volatility in asset prices and capital outflows, posing challenges for policymakers tasked with maintaining stability.
Reduced Investment Incentives: An inverted or flattening yield curve can dampen incentives for long-term investments, as lower long-term yields may discourage investors from committing capital to projects with extended payback periods. This could hinder China's efforts to stimulate investment and foster sustainable economic growth.
Credit Market Tightening: A narrowing yield spread may also signal tightening conditions in the credit market, as banks and other financial institutions adjust lending practices in response to changing yield dynamics. This tightening could restrict access to credit for businesses and consumers, potentially constraining consumption and investment activities.
Pressure on Monetary Policy: Central banks, including the People's Bank of China (PBOC), may face increased pressure to respond to yield curve dynamics through monetary policy adjustments. However, navigating the delicate balance between supporting economic growth and managing inflationary pressures poses a considerable challenge, particularly in the context of external uncertainties such as trade tensions and geopolitical risks.
Risk of a Prolonged Recession: While an inverted yield curve does not guarantee an imminent recession, it does raise concerns about the potential for prolonged economic downturns. Given China's significant influence on the global economy, a protracted recession could have far-reaching consequences, affecting trade flows, commodity prices, and investor sentiment worldwide.
In conclusion, the (almost) inverted yield curve observed in China's government bond market has sparked legitimate concerns regarding its implications for the country's economy.
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