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How China's 'Zero-Covid' Policy And Mortgage Boycotts Are Impacting The Global Economy
Tuesday, July 26, 2022 - 3:48pm | 455Beijing's official growth target for the year is roughly 5.5%, but analysts are projecting China’s gross domestic product to grow by 4% this year, a miss that has not happened since 2015, according to Reuters. What Happened: Many key cities in China such as Shanghai have come out of...
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Alibaba Ends the Retail Week By Beating Estimates
Friday, May 22, 2020 - 10:07am | 606COVID-19 has cast a cloud over the global economy, but e-commerce is one of the lucky sectors that received some sunshine through those heavy clouds. Already on Wednesday, the largest e-commerce company in China by volume, Alibaba (NYSE: BABA) announced that the number of transactions on its...
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China Economy Suffered From High Borrowing, Low Cash Flow, And Trade War In Q4: Report
Friday, December 27, 2019 - 1:48am | 415China's economic growth numbers for the fourth quarter are expected to be below the belt, as local companies continued to face a host of challenges, according to a report by research firm China Beige Book. Overwhelming Borrowing, Underwhelming Cash Flows According to the research reported by...
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China's Fragile Economy Will Force Beijing To Deal With US, Economist Says
Thursday, January 31, 2019 - 1:11pm | 931China's deep-seated economic problems will motivate its government to make concessions in trade talks with the United States to avoid further tariffs from the Trump Administration, but Beijing will draw the line on any compromise it said would infringe on its sovereignty, a leading...
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Blackstone CEO Schwarzman Talks Global Real Estate, Mega-Deals & More
Friday, May 1, 2015 - 10:49am | 874On April 28, Fox Business journalist Maria Bartiromo sat down with Blackstone Group LP (NYSE: BX) Chairman and CEO Steve Schwarzman, to probe how the recent $23 billion real estate asset purchase from General Electric Company (NYSE: GE)'s GE Capital came to fruition. Schwarzman had a simple...
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China Tightening Inflows of “Hot Money”
Monday, November 30, 2009 - 2:12pm | 127China’s foreign exchange regulator tightened existing rules for the transfer of renminbi and foreign exchange between bank accounts. No one from outside the country can send foreign currencies to five or more Chinese individuals to convert it into the renminbi on any given day or on consecutive...