The Third Plenum of China’s Communist Party highlighted the ongoing challenges faced by the central government in balancing fiscal responsibilities with local governments. The meeting focused on the need for financial reforms to ensure sustainable economic growth and prevent local authorities from accumulating excessive debt. The discussions shed light on the complex dynamics between central and local governments in China’s political and economic landscape.
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Farage challenges UK two-party system, threatens European-style fragmentation
In July, Nigel Farage of Reform UK won a seat in the House of Commons on his eighth attempt, aiming to shake up Britain's traditional two-party system. Farage predicts a political revolution with hundreds of newcomers under the Reform UK label by the next election in 2029, challenging both the Conservative and Labour parties as he gains momentum and becomes a frontrunner for the position of Prime Minister. The UK's political landscape is shifting towards...
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