Mar 8, 2019

Xi's thought on diplomacy is "epoch-making"

Chinese Foreign Minister Wang Yi at March 8 press conference. Photo: Lintao Zhang/Getty Images

Chinese Foreign Minister Wang Yi held a press conference at the National People's Congress Friday to discuss China's diplomatic work.

Details: Xinhua English's lead story reports on Wang's comments...

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The big picture: The ideological tightening inside China has contributed to a more rigid and shrill group of PRC diplomats. Earlier this week Bloomberg reported on this trend...

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Meanwhile, Wang also weighed in on the U.S. case against former Huawei CFO Meng Wanzhou and Huawei's lawsuit against the U.S. government, SCMPreports:

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Go deeper: Read more highlights of Wang's comments via CGTN and Global Times.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

Stocks fall more than 3% as coronavirus cases spike

Photo: Johannes Eisele/AFP via Getty Images

Wall Street had its worst day in two years on Monday, following a spike in coronavirus cases in South Korea and Italy. The S&P 500 fell 3.3%, the Nasdaq Composite fell 3.7% and the Dow Jones Industrial Average sunk 1,030 points (3.5%).

The big picture: This is the U.S. stock market's biggest reaction thus far to the coronavirus, largely shrugging it off as a threat to the global economy (though the bond market has not). While the S&P is down from record highs — which it notched last week — the index is still above lows touched earlier this year.

Go deeperArrowUpdated 2 hours ago - Economy & Business