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The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off. Real disposable incomes have risen only modestly over the past year. The saving rate now stands at a 16-month low as households have mostly exhausted the extra pile of cash ...
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Chinese Defense Minister Dong Jun took pointed swipes at the US for “hollowing out” Beijing’s One China policy on Taiwan and “misleading” a country in the South China Sea, taking a tough stance at his first global security forum in his new position. In his speech at the Shangri-La Dialogue in Singapore, Dong criticized Washington for its “salami-slicing ...
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