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This Happened

This Happened - April 7: Rwandan Genocide Begins

The Rwanda genocide started on this day in 1994, and lasted for approximately 100 days until mid-July 1994.

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What was the Rwandan genocide?

The Rwandan genocide was a mass slaughter of Tutsi and moderate Hutu civilians in Rwanda that occurred over a period of 100 days. The genocide was caused by a combination of political, economic, and social factors, including ethnic tensions, economic inequalities, and political competition.

Who was responsible for the Rwandan genocide?

The Rwandan genocide was primarily carried out by extremist Hutu militia groups, with the support of the Rwandan government and military.

How many people were killed in the Rwandan genocide?

It is estimated that between 800,000 and 1 million people were killed in the Rwandan genocide, which amounted to about 20% of the country's population at the time.

What was the international response to the Rwandan genocide?

The international response to the Rwandan genocide was slow and ineffective, with many countries and organizations failing to intervene to stop the violence. The United Nations peacekeeping force in Rwanda was underfunded and understaffed, and the international community did not provide sufficient aid to the victims.

What was the aftermath of the Rwandan genocide?

The aftermath of the Rwandan genocide was marked by the prosecution of those responsible for the violence, efforts to reconcile the country's different ethnic groups, and the rebuilding of the country's infrastructure and economy. The genocide had a profound impact on Rwanda and the international community.


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Economy

How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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