Despite the tariff war in 2025, China broke through the trillion mark in its trade surplus, 45% of which is now generated in Southeast Asia, Africa and Latin America. However, this wealth is not driving domestic consumption, because the fall in producer prices in the name of competitiveness is also squeezing wages and incomes. This is an issue that the new five-year plan due in March does not seem likely to address.
A delicate ecosystem covering only 6% of the Earth's surface, but home to up to 40% of animal and plant species. Their presence is also essential as natural barriers against flooding. Urbanisation and mega-infrastructure risk causing irreversible damage. 2 February is World Wetlands Day, coinciding with the adoption of the Ramsar Convention.
Just as Modi discusses tariffs and oil purchases with Trump, the Valdai Club conference between Russia and India was held in the Indian capital to take stock of relations. Putin's men are focusing on long-standing relations with Delhi, calling for alliances with BRICS countries to be prioritised today.
The award was also given to the leaders of Armenia and Azerbaijan for their peace process and to the Palestinian NGO Taawon for its humanitarian work. In his message, Pope Leo XIV said that fraternity is “not a distant ideal, but an urgent necessity.” Yaftali’s work for girls’ education, which has been severely restricted under the Taliban after they returned to power in 2021, was recognised. Her appeal is for the world not to forget Afghan women.
At stake is not only who will lead the government, but also the possibility of rewriting the constitution imposed by the military in 2017. With the Shinawatra clan's Pheu Thai weakened, the battle appears to be between the reformists of the People's Party and the Bhumijaythai party led by incumbent Prime Minister Anutin, who seeks to capitalise on the nationalist wave sparked by the conflict with Cambodia. But the real challenge is the faltering economy.
At the Winter Olympics that open tomorrow, the Chinese team arrives with a record delegation and the desire to confirm its status as a new power in winter sports, earned in 2022 at Xi Jinping's Games. Among athletes, women outnumber men. The growing popularity of winter sports is also used as a model for the sinicisation of minorities.