Chinese President Xi Jinping heads into the nation’s biggest political huddle

Trump's increased tariffs will put Beijing's capacity to maintain its economic momentum to the test as Chinese President Xi Jinping enters the country's largest political summit of the year this week.
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 According to the majority of analysts polled, officials will set a bullish growth objective of about 5% during the legislative conclave, which will bring together thousands of delegates, including ministry chiefs and regional leaders, in the capital on Wednesday. After Hamas rejected a US-led plan to extend a six-week ceasefire that expired yesterday, Israel decided to cut off humanitarian aid to Gaza for the first time in over a year, signalling a renewed zero-tolerance policy toward the group. Egypt and Qatar responded sharply to the Israeli action, as mediators seeking to prolong the a ceasefire. As the government of President Masoud Pezeshkian comes under increasing fire for its economic management and severe currency devaluation, Iran's economy minister was ousted in a parliamentary vote yesterday. The removal of Abdolnaser Hemmati occurs seven months into Pezeshkian's term, which has been characterized by escalating tensions with Israel, a reduction in Iran's regional clout, and pressure from hard-line groups who blame his government for the nation's economic problems. In the clearest indication yet that negotiations are nearing their conclusion, Argentine President Javier Milei plans to ask Congress for backing for a new program his government is negotiating with the International Monetary Fund. The amount of money Argentina receives is being closely watched by investors, which will influence how soon Milei can remove capital and currency controls. Uruguay swore in Yamandú Orsi for a five-year term as president, bringing a left-wing government back to power in the Latin American country while its neighbours go to the right. 
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Orsi has promised to lower crime and child poverty while also reviving the economy. A week after Friedrich Merz's conservatives crushed them in the national election, German Chancellor Olaf Scholz's Social Democrats won a regional election in Hamburg, a port city. According to Prime Minister Jonas Gahr Støre, Norway should refrain from bringing up the subject of possible EU membership at a time when global tensions are rising since doing so could further polarize society. A United Nations-backed green fund is calling on China and India to take risen following the Trump administration's cancellation of $4 billion from the largest climate asset manager in the world.

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