Slipping into deep financial turmoil with debt-ridden Smartisan, Luo entered livestreaming industry in 2020 to earn money and tried to pay back the debt of about 600 million yuan ($94.26 million).

随着债务缠身的Smartisan陷入深度金融动荡，罗于2020年进入直播行业赚钱，并试图偿还约6亿元人民币（9426万美元）的债务。

"Thanks to its encouraging performance and infrastructure, the port is able to stay resilient in the face of the unprecedented turmoil caused by the pandemic," said Tassos Vamvakidis, commercial manager of Piraeus Container Terminal SA, a COSCO Shipping subsidiary.

"At a time when the Chinese economy has emerged from the turmoil of the COVID-19 pandemic, it is vital to understand the opportunities and also the potential challenges facing global companies in China this year," he said.

Yet, amid all that turmoil, some Chinese enterprises that went global found ways to convert challenges into opportunities to grow, learn, mature, toughen or become more professional.

Since the outbreak of the pandemic, geopolitical turmoil across the world has intensified and global political instabilities have increased, said Cai Xiliang, vice-chairman of Sinosure, adding that global industrial chains and supply chains have also been greatly affected.

"High morbidity and low rate of reconstruction left women in the shadow of losing breasts after breast cancer operation, which brings great pressure and turmoil," she said.

China's biggest technology companies are enlarging their expansion overseas, announcing new jobs and fresh investment despite the economic turmoil unleashed by COVID-19, the Daily Telegraph reported.

The coronavirus outbreak has accelerated the pace to go digital by Chinese enterprises, with more and more companies embracing the industrial internet as they strive to enhance anti-risk capabilities and retain global competitiveness given the current turmoil in the world economy.

"An IPO in Hong Kong would also provide a diversification of funding for Alibaba in terms of geography and types of investors and a buffer to the shares listed on the New York Stock Exchange in case of global turmoil due to Sino-US trade friction," wrote Matteo Giovannini, a finance professional at Industrial and Commercial Bank of China in Beijing and a member of the China Task Force at the Italian Ministry of Economic Development, in a latest opinion piece published on the website of China Global Television Network.

Alibaba follows in the footsteps of brewer AB InBev , which also chose to defy the political turmoil with a listing.

"The global shipping turmoil in the past few years contributed to low shipbuilding demand, but Chinese shipyards showed their resilience in such a low market," said Zhou Dequan, a research director from the Shanghai International Shipping Institute.

The FT said the payouts were made during "a chaotic period of management turmoil" and could "act as a lightning rod for criticism of the bank" in light of the heavy job losses in the pipeline among rank-and-file employees.

The California-based electric carmaker, emerging from several months of turmoil around its Chief Executive Elon Musk, confirmed numbers leaked to an industry news site on Monday that showed it produced roughly 80,000 cars in the third quarter.

The Sichuan-style spicy hotpot restaurant chain's listing is the latest in a string of technology IPOs in the city against the backdrop of a heated trade dispute between China and the United States, ongoing turmoil in emerging markets as well as lingering worries of further US interest rate hikes, which have cooled market sentiment for technology IPOs in the city.

The Zambian leader commended the Chinese firm for its resilience in ensuring that the project comes to fruition, despite the country going through turmoil following depressed copper prices on the international market and an energy crisis.

Despite Wanda's recent funding turmoil and lackluster growth in China's box office revenue, Dolby sees China as a "fundamentally" and "incredibly" important market.

The north African country has been in political turmoil of late.

Former WTO chief: Technology, ideology, peace key to pushing open world economyThough facing challenges such as increasing geopolitical tensions and turmoil brought on by shifts in global economic dynamics, the world will likely avoid an era of de-globalization but will instead see the pace of globalization slow amid a more secure new phase, said Pascal Lamy, former director-general of the World Trade Organization.

In addition, energy and food prices have come down sharply from their conflict-induced peaks, allowing global inflation pressures to ease faster than expected, while financial instability following the March banking turmoil remains contained.

Amid the turmoil of balance sheet insolvency, certain debtors may even don a cloak of secrecy, clandestinely shifting assets and eluding their debts.

Fourth, having experienced the anxiety caused by conflict and turmoil, we should all the more cherish peace and stability.

Having experienced the unease caused by conflicts and turmoil, the world should value peace and stability even more, he said, underscoring that peace and stability are prerequisites for development.

China has always played a responsible role in injecting certainty into a world full of turmoil and new growth drivers into the global economy.

Shu Jueting, a spokeswoman for the ministry, said at a news conference China has played a responsible role to inject certainty into a world of turmoil and transformation, and provided new growth drivers to the global economy.

"A return of the world economy to the pace of economic growth that prevailed before the bevy of shocks in 2022 and the recent financial sector turmoil is increasingly elusive," the IMF said in the newly released World Economic Outlook (WEO) report.

"A return of the world economy to the pace of economic growth that prevailed before the bevy of shocks in 2022 and the recent financial sector turmoil is increasingly elusive," said the IMF.

However, the World Bank chief warned that turmoil in the banking sector and higher oil prices could again put downward pressure on growth prospects, and it would take time to resolve the problem of bank asset mismatch.

"In light of deteriorating EU and US growth outlook after the banking turmoil, foreign investors are now more willing to park their capital in Chinese investment," CNN quoted Ken Cheung, chief Asian foreign exchange strategist for Mizuho Bank.

But the recent turmoil in the global stock market, especially price declines in the commercial banking sector and turmoil at Credit Suisse, have led to concerns over a reduced risk appetite among global investors, and new financial turmoil and risks in succession.

Against the global backdrop of still-high inflation, weakened demand, financial turmoil and other challenges, multinationals doubled down on expanding footprints in China, casting votes of confidence in the bullish growth of the Chinese market.

Yang said that favorable conditions include the country's steady momentum of high-quality development, the relative stability of yuan exchange rates and the international community's falling confidence in the dollar system, exacerbated by the recent banking turmoil.

China needs to further boost its domestic demand while addressing weak links in its financial system in order to prepare for any potential misstep by the US Federal Reserve that could worsen the recent banking turmoil, policy advisers and experts said on Thursday.

Wu Liyuan, a researcher at the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said it is also necessary to ramp up efforts to address the weak links in China's financial system, which could bear the brunt if the overseas bank turmoil leads to a crisis in other areas.

Experts warned that the turmoil could further evolve as the Fed's rate hike cycle is yet to come to an end, with its latest interest rate decision due to be unveiled on Wednesday.

The US needs to put aside the mentality of overweening pride and listen carefully to the concerns of other WTO members because the US measures not only cause trade disruptions and market turmoil, but also fundamentally damage the stability and authority of the multilateral trading system in which all members have common interests.

Fluctuations in the global economy have rattled enterprises' nerves, but a batch of young entrepreneurs are looking for ways to unite in the turmoil.

Lastly is the problem of geopolitical turmoil.

The current round of global stagflation has been affected by geopolitical turmoil, such as the Russia-Ukraine conflict, which has deeply affected global trade, investment, technology and talent exchanges.

Those risks in particular include the spillover effects of the US interest rate hikes, which have pushed up the risk of a US economic recession and exacerbated global financial turmoil to jeopardize global economic recovery and may possibly trigger financial crises in some countries, said Xie, who is also deputy director of the Committee on Economic Affairs of the National Committee of the Chinese People's Political Consultative Conference, the nation's top political advisory body.

"Ensuring a sufficient power supply is a major task for China at a time of global market turmoil and China should further enhance its energy security by increasing exploration and exploitation of upstream resources.

And now, heightened geopolitical tensions involving Russia and Ukraine have added to the economic turmoil.

In addition, as the 10-year US Treasury yield still has room to move up and the anticipated tightening monetary policy may cause turmoil in international financial markets, most emerging economies are having a difficult time.

It saw 3,000 to 5,000 metric tons of Afghan pine nuts exported to China every year, but the trade was briefly interrupted by turmoil in Afghanistan in August, according to Zhao Lijian, spokesman of the Ministry of Foreign Affairs.

"We are happy that China has maintained strong growth momentum despite the economic turmoil and even more excited to participate in this market and grow together with China.

"At a time when the Chinese economy has emerged from the turmoil of the COVID-19 pandemic, it is absolutely vital to understand the opportunities and also the potential challenges facing British companies going into 2021," he said.

In China, the entities hardest hit by the recent housing turmoil are property developers and local government financing vehicles, which indeed lack the ability to repay.

The LNG vessel market's rapid growth is happening as global demand for LNG soars sharply against the backdrop of the accelerating pace of carbon neutrality and turmoil in the global energy market, Wu said.

Under serious situations such as global energy crises, market turmoil and soaring electricity prices in Europe, central SOEs have been relying on financial and technological innovations to ensure stable operations of China's supply and industrial chains, as well as overall energy consumption demand, said Ding Rijia, a professor specializing in energy at China University of Mining and Technology in Beijing.

Against the backdrop of the global energy crisis and market turmoil, it is important for domestic oil and gas companies to step up efforts in upstream exploitation and exploration to further tap domestic gas potential and ensure gas supply security for the ongoing winter, said Li Ziyue, an analyst with BloombergNEF.

Against the backdrop of the global market turmoil, it is necessary for domestic energy and chemical plays to be better prepared to continue promoting high-quality and low-carbon development, it said.

Despite the uncertainties that the world's food and agricultural sectors face over crop yields and global trade flows in the context of climate challenges, COVID-19-related turmoil and logistics issues, they said China, backed by its 1.8 billion mu (120 million hectares) of arable land, new farming technologies and practical grain import policies, is capable of ensuring its grain security in 2023.

An analyst said that against the backdrop of the global energy crisis and market turmoil, it is necessary for domestic oil and gas companies to step up efforts in upstream exploitation and exploration to further tap domestic gas potential and ensure gas supply security for the upcoming winter.

Inevitably, such debates have as talking points the turmoil in global energy trade and the need to ensure energy security in China amid the transition to a greener economy.

China has the world's busiest container portsThe COVID-19 pandemic has brought a long-lasting turmoil to the global supply chain and maritime transport.

Despite global food and agriculture sectors facing uncertainty over crop yields and global trade flows, in the context of climate challenges, COVID-19-related turmoil and logistics challenges, experts and business leaders said China, backed by its 1.8 billion mu (120 million hectares) of arable land, new farming technologies and practical grain import policies, is capable of ensuring its grain security in 2022.

Such market behavior, Guo warned, could potentially generate industry chaos and economic turmoil, eroding market value of homes during downturns and causing mortgage defaults.

The tourism industry, a key pillar of Egypt's economic revenues and hard currency, had started to show signs of recovery after years of political turmoil since the 2011 uprising that toppled late president Hosni Mubarak.

CNPC blamed turmoil in the global economy and a tumble in oil prices for the sharp decline of earnings in the first quarter, with revenue shrinking 14.4 percent to around 509 billion yuan.

It also strives to revive its ailing tourism sector which has been suffering an acute recession over the past few years from political turmoil and relevant security issues.

The mainstream view is that the role is supposed to be played by enterprises, because innovation will always trigger turmoil in the market first and make the market economy appear as if it is in the process of creative destruction, where market players are the ones to blame.

PARIS－French automaker Renault revealed an electric revamp of a beloved hatchback from the 1970s on Thursday to spearhead a revival plan after years of turmoil.

Analysts say Nissan must tread carefully in China, where it needs to survive fierce competition from other Japanese brands and German companies and to avoid business mistakes because the US market is in turmoil.

The appointments, to take effect by Jan 1, come after months of turmoil for the automaker in the wake of the arrest of former chief Ghosn on allegations of financial misconduct.

Japanese Trade Minister Hiroshige Seko also warned that Washington's latest move towards unilateral protectionism would "plunge the global market into turmoil," noting any trade measures must be consistent with the WTO's multilateral trade system.

John Neuffer, president and chief executive of the US Semiconductor Industry Association, told Reuters that the industry was concerned that broad rules will "unnecessarily expand export controls for semiconductors and create further uncertainty for our industry during this time of unprecedented global economic turmoil".

The ability to regulate and supervise the financial sector is inadequate, with many hidden economic and financial risks as well as financial turmoil and corruption.

Ye, the researcher with the BOC institute, said that China accounts for one-fourth of global foreign exchange reserves, and to well manage such a large-scale reserve, ensuring security, liquidity and appreciation of the reserve assets is the country's key goal as it seeks to advance its financial market opening-up amid external turmoil.

But the increase in the supply of dollars eventually led to a depreciation of the dollar and currency turmoil.

Since 2001, there have been 20 adjustments, often accompanied by bitter political strife, market turmoil and government shutdowns.

Banking turmoil, debt ceiling issue shift focus to modern monetary theoryUS policymakers must rethink using reckless monetary stimulus as a tool to prop up the economy as the recent banking turmoil in the United States and Europe highlighted the dangers inherent in that approach, experts said on Wednesday.

They warned the turmoil may not have ended yet, which could lead to more bank failures, intensified financial market volatility and a higher possibility of global economic recession.

The US Federal Reserve's radical policy adjustments are also believed to have contributed significantly to the ongoing banking turmoil.

Experts also said the recent banking turmoil has revealed the deficiency of reliance on a very low interest rate environment to stimulate economic growth — while monetary stimulus can boost growth in the short term, exiting from it is a painful process.

With the banking turmoil still evolving, experts said its impact may spread into the real economy and go in tandem with the US debt ceiling issue in intensifying the downside risks facing the world economy.

The Fed has warned that the banking turmoil could fuel a broad credit crunch that risks slowing the US economy, while data compiled by Invesco showed that the 3-month/18-month US Treasury yield curve has recently inverted to a level not seen since 1981, an indication that fears of recession have increased further.

However, despite the turmoil in the banking sector, the European Central Bank and the Federal Reserve of the United States have continued to raise interest rates under pressure from high inflation.

Fed Chairman Jerome Powell said in late March that he had fully assessed the possible credit tightening caused by the banking turmoil, which in turn affected demand, employment and inflation, and decided to raise interest rates by an additional 25 basis points and keep the end rate rises unannounced at a time when the impact of credit contraction cannot be accurately quantified.

Lessons should be learnedLooking at the turmoil in the European and US banking sectors, be it US regulators or Swiss authorities, they have indeed taken some measures, which to some extent helped curb the spread of risk in the short term.

Considering the turmoil in the EU and US banking sectors, lenders will shrink credit, which will weigh on economic adjustments and have a greater impact on some specific industries.

The market panic caused by the turmoil in the West's banking sector has subsided somewhat of late.

The recent turmoil should be deemed a vital test of China's overall planning effectiveness — which integrates financial opening with fending off financial risks — over the past decade or so.

"Against the backdrop of turmoil in the banking sector, ongoing geopolitical tensions and a challenging economic environment, gold's role as a safe-haven asset has come to the fore.

"The rising use of the renminbi will contribute to global financial stability as a more diversified international monetary system helps dilute the risks brought by fluctuations in the dollar's value, the ongoing US financial turmoil and mounting US government debt, Shao said.

Recent US banking turmoil has not only flagged the risk that more rate hikes could endanger financial stability, but could also cause credit contraction, slow the US economy and cool down inflation — which will make monetary tightening less necessary and even raise easing chances.

The overseas banking turmoil is not a direct driver of this round of RRR cuts.

Of course, China should also learn lessons from the recent turmoil in the European and US banking sectors, and make smart preparations for changes occurring in accordance with economic principles.

If the banking turmoil aggravates, the gold price may exceed the previous high reached in 2020, he said.

As the banking turmoil in the United States and Europe continues to unfold, financial markets appear to be more nervous than ever as the US Federal Reserve is expected to announce a potentially pivotal interest rate decision on Wednesday.

Moreover, as recent US and European banking turmoil exposed the global financial fragility, analysts believe the RRR cut sent a positive signal of China's stable financial market and built up confidence in the world's second-largest economy.

Bank:xa0Similar cases unlikely to happenxa0in ChinaWith troubled Swiss bank Credit Suisse casting a shadow over the global banking system, China's system is better placed to avoid any turmoil given its relative independence and a stable interest rate environment, experts said on Thursday.

In addition, from a long-term perspective, Chinese equities may offer opportunities for global investors to diversify market risk amid turmoil in Western countries' equity markets.

The recent move is seen as a key measure to combat turmoil in the housing market.

More support still neededAmid the turmoil in housing deliveries and sporadic COVID-19 resurgences, the nation's economic performance in July was still weaker than expected.

Considering the impact at home and abroad so far as we can see, the main theme of China's capital markets through the second half will be to seek a smooth recovery despite the external turmoil, which is very likely to be the main tone of the nation's macroeconomic moves in the period as well.

However, amid the turmoil in the US market, what global capital needs is a market that is relatively independent to the US economy and has a certain capacity, and China may be a better choice, said an expert of Industrial Securities to news portal The Paper.

The recent nickel turmoil in the London Metal Exchange has aroused much concern.

The market also showed more resilience during market turmoil.

Meng added that although the total value declined year-on-year due to the turmoil in the international capital market, the bonds have shown strong resilience with their role in serving the real economy becoming more prominent.

Companies that can survive the market turmoil may still need extraordinary risk-management skills related to labor practices, supply chain and operations, going forward.

"Part of this reasoning lies in the fact that excessive stimulus costs are often blamed for the debt pileup, rising leverage levels, and possible asset price bubble-bursts, all of which could possibly lead to financial turmoil and a distressed economic outlook in the long term.