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UN rights chief says her rare China trip isn’t a probe

Bloomberg The United Nations’ human rights chief told diplomats her trip to Xinjiang wouldn’t be an “investigation,” in an apparent attempt to manage expectations of her landmark visit to China. Michelle Bachelet said her trip aimed to promote, protect and respect human rights, according two people who attended the video call with some 100 participants, who were mostly Beijing-based diplomats. ...

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Germany backs EU plan to halt budget rules through 2023

Bloomberg Germany supports a plan to suspend European Union rules limiting deficits and debt by an additional year to the end of 2023, according to officials familiar with the government’s stance. The European Commission, the EU’s executive arm, proposed on Monday to maintain the so-called general escape clause of the bloc’s Stability and Growth Pact until the end of next ...

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US growth projected to outpace China’s for first time since 1976

Bloomberg China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington. The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics ...

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