Watch out for the bear!

The world's number of confirmed novel coronavirus cases went beyond seven million tonight (Macau time), the real-time statistics reference worldometers.info website reported. At 9:50 p.m. the number of confirmed cases stood at 7,016,024, with 402.787 deaths. Some 28 percent of the worldwide cases were recorded in the United States, at 1.99 million with 112,113 deaths, or 27 percent of the global total of COVID-19 fatalities. Macau has not confirmed a new COVID-19 case in 60 days.

China Daily Editorial        China has initiated dispute settlement proceedings against the United States at the World Trade Organization, contesting “discriminatory subsidies” under the US Inflation Reduction Act (IRA) that resulted in the exclusion of goods from China and other members of the WTO.The wide-ranging law provides billions of US dollars in tax credits to help US consumers buy electric vehicles and US companies produce renewable energy, as US President Joe