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February 27 – The State Council Information Office held a regular briefing today (February 27) to introduce the work of State Council departments in handling suggestions from deputies to the National Peoples Congress (NPC) and proposals from members of the Chinese Peoples Political Consultative Conference (CPPCC) in 2025. In 2025, State Council departments handled 8,754 suggestions from NPC deputies and 4,868 proposals from CPPCC members, accounting for 95.6% and 97.3% of the total number of suggestions and proposals respectively, all of which were completed on time. Departments adopted more than 4,900 suggestions from deputies and members, and issued more than 2,200 related policies and measures, achieving new results in optimizing the national development strategy, supporting the construction of a modern industrial system, promoting greater investment and consumption, stimulating high-quality development, and addressing key and difficult issues in peoples livelihoods.The Central Bank of the Philippines predicts that the annual inflation rate in February will be between 2.3% and 3.1%.February 27 – Foreign Ministry Spokesperson Lin Jian held a regular press conference on February 27. A Reuters reporter asked, “Panama’s President Mulino stated that he expects China will not take any countermeasures after Panama takes over the canal ports operated by CK Hutchison Holdings. If China does take any countermeasures, Panama will respond. What is the Foreign Ministry’s comment on this?” Mao Ning stated that China’s position on the port issue in Panama is clear: it will resolutely safeguard the legitimate rights and interests of enterprises.The final reading of Frances fourth-quarter GDP annual rate and the preliminary reading of its February CPI monthly rate will be released in ten minutes.Market news: Iran urges the United States to abandon its "excessive demands" in order to reach an agreement.

REUTERS NEXT: U.S. Treasury’s Adeyemo calls for global cooperation on crypto regulations

Cory Russell

Dec 02, 2022 16:03

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According to US Deputy Treasury Secretary Wally Adeyemo on Thursday, the failure of the cryptocurrency exchange FTX, based in the Bahamas, highlights the necessity for the United States to work with other nations to create comprehensive international laws for the crypto sector.


Adeyemo stressed the significance of setting up regulatory frameworks to safeguard consumers, investors, and financial stability as well as to prevent unauthorized uses of cryptocurrencies at the Reuters NEXT conference. He claimed that the effort needed to be expanded because FTX was not an American company.


"This is a worldwide occurrence. And when we consider innovations like cryptocurrencies, we'll need to work closely with our international allies to build a regulatory system in a framework that helps us to ensure we protect the global economy, Adeyemo told Reuters NEXT.

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