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Alibaba’s Value Drop Tops The World One Year After Ma’s Speech

UllaChi Oct 25, 2021 0

Market cap has fallen by $344 billion from last October Founder’s speech triggered crackdown by Chinese authorities Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a…

China

Goldman Cuts China’s Growth Forecast for Next Year to 5.2%

UllaChi Oct 25, 2021 0

China’s economy will probably expand 5.2% next year, down from a previous projection of 5.6%, as the government sticks to its long-term policy objectives, such as reducing property debt, Goldman Sachs Group Inc. said. Weaker GDP growth…

Hong Kong stocks restrained by slide in property developers on China tax plan while oil firms and…

UllaChi Oct 25, 2021 0

Concerns about China’s property-tax trial and a resurgence in Covid-19 cases in mainland provinces keep risk appetite at bay Oil firms advance as Brent crude climbs above US$85 a barrel on tighter supply outlook; HSBC gains before…

US officials walk back Biden’s remarks on Taiwan, say ‘strategic ambiguity’ policy has not changed

UllaChi Oct 24, 2021 0

US officials scrambled on Friday to clarify that Washington’s policy toward Taiwan had not changed, after an apparent gaffe by US President Joe Biden Thursday night when he said on CNN that the United States would come to the island’s…

China’s software sector records revenue growth in Jan.-Sept.

UllaChi Oct 24, 2021 0

China's software and information technology sector sustained sound growth momentum in the first nine months of this year, official data showed. Software revenue of the sector totaled 6.9 trillion yuan (about 1.1 billion U.S. dollars)…

China’s fiscal revenue up 16.3 pct in first nine months

UllaChi Oct 24, 2021 0

China's fiscal revenue logged a year-on-year increase of 16.3 percent in the first nine months of the year, official data showed Friday. The country's fiscal revenue amounted to 16.4 trillion yuan (about 2.56 trillion U.S. dollars)…

For Germany’s likely new leader Olaf Scholz, Hamburg is at the centre of a growing dilemma over…

UllaChi Oct 24, 2021 0

Hamburg’s economic ties with China are stirring concerns it could be exposed to the vagaries of great power politics as US-China tensions spill into global supply chains How to handle that delicate balance of interests will confront…

Chinese Economy Risks Deeper Slowdown Than Markets Realize

UllaChi Oct 24, 2021 0

Property downturn seen as biggest threat to GDP growth Resolve to curb debt, reshape Internet has surprised analysts China’s economy risks slowing faster than investors realize as President Xi Jinping’s push to cut its reliance on…

China Earnings to Lose Steam on Brutal Quarter for Biggest Firms

UllaChi Oct 24, 2021 0

Cautious consumers, rising material costs pummel companies Property, power generation sectors showing worst profit drops A combination of raw material inflation and weak consumer spending has made the third quarter a brutal period…

China

Xi’s ‘common prosperity’ forces Wall Street to rethink China risks

UllaChi Oct 24, 2021 0

Reforms to reduce wealth inequality bring pitfalls and opportunities for private sector. A week after details of Chinese President Xi Jinping's new political slogan "common prosperity" were published in a Communist Party journal,…

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