Liu He on Chinese economy
- At a meeting of the State Council’s Financial Stability and Development Committee, Chinese Vice Premier Liu He highlighted (En/Ch) the importance of economic and financial stability and pledged more policies favorable to markets and caution on policies with significant market impacts. After the remarks, Chinese stocks strongly rebounded from a massive sell-off in the past weeks.
BRICKS ties remain strong
- India and Russia are close to a deal on a rupee-rouble trade arrangement on oil amid a heavy wave of sanctions against Russia. Like China, the other two BRICS countries — Brazil and South Africa — have earlier claimed neutrality over the Ukraine war. Major Western media have been criticizing governments and companies refusing to take sides.
Turkmens elect new president
- Serdar Berdimuhamedov, who won 73% of the votes in an election with a 97% turnout rate, will succeed his father Gurbanguly Berdimuhamedov as the President of Turkmenistan on March 19. On Wednesday, Chinese President Xi Jinping had a phone call with Gurbanguly and Serdar.