Twists and turns in US-China tensions

In the latest in US-China tensions, a US court blocked the proposed closure of WeChat, while Bytedance kept a majority shareholding position and control over its algorithm in TikTok. Economic data surprised to the upside in China. Argentina tightened capital controls. Brazil’s administrative reforms could save BRL 816bn over 10 years. Indonesia and South Africa left policy rates unchanged. Angola received an additional USD 1bn disbursement from the International Monetary Fund (IMF).