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  • BBC

    Jiang Zemin: Former Chinese leader dies aged 96

    Jiang Zemin, who came to power after the Tiananmen Square protests, has died at 96, state media say.

  • Reuters

    OBITUARY-China's Jiang confounded doubters, mended U.S. ties

    Plucked from obscurity to head China's ruling Communist Party after the Tiananmen crackdown in 1989, former Chinese President Jiang Zemin was expected to be just another transitional figurehead, destined to be a footnote in history. Yet Jiang, who died on Wednesday aged 96, confounded the naysayers, chalking up a list of achievements after breaking China out of diplomatic isolation in the post-Tiananmen era, mending fences with the United States and overseeing an unprecedented economic boom. Jiang was last seen in public in October 2019 among other former leaders watching a military parade at Tiananmen Square marking the 70th anniversary of the founding of the People's Republic of China.

  • Reuters

    FOREX-Dollar heads for biggest monthly loss since 2010 ahead of Powell speech

    The dollar eased from a one-week high on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell, while optimism over a possible loosening in China's COVID restrictions set it on course for its biggest monthly loss in over 20 years. Harmonised consumer inflation is expected to have risen by 10.4% in November, down from October's final reading of 10.6%. "The main focus is set to be on today’s flash CPI from the EU, which could set the scene as to whether we get 50 basis points or 75 bps when the ECB meets in just over two weeks’ time," CMC Markets chief markets strategist Michael Hewson said.