Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to the data released by Beijing on Monday, China recorded a GDP growth rate
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By CCN.com: The US stock market is closed today in observance of Martin Luther King Jr. Day, but Dow futures pointed south after China’s growth fell to a nearly three-decade low. The cryptocurrency market, which never takes a breather, also remained bearish following Sunday’s pullback, leaving the bitcoin price uncomfortably close to the $3,500 mark.
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Apple’s suppliers in Asia are cutting sales forecasts in anticipation of reduced iPhone sales as the U.S.-China trade war drags on. Among the hardest hit include Taiwan Semiconductor Manufacturing CO (TSMC) which singlehandedly supplies the iPhone’s core processor chips. According to the Nikkei Asia Review, TSMC estimates that its revenues during this year’s first quarter
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China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy.
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Increasing rates of Chinese capital outflows over the past few months are presenting the cryptocurrency space with an unprecedented opportunity as citizens of one of the world’s most strictly regulated jurisdictions find ever more ingenious ways to get around financial movement restrictions. China’s Capital Restriction Problem In theory, China has perhaps the most stringent capital
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Investment management firm Invesco has suggested that opportunities exist in China despite the earnings warnings that U.S multinationals have issued in response to the ongoing trade war. Speaking to CNBC, Invesco’s chief global market strategist, Kristina Hooper, stated that U.S. companies have “overly blamed China” for revenue declines: There’s a lot of fear around China.
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U.S. stocks broke out Tuesday morning, led by a sharp recovery in the tech-heavy Nasdaq after China pledged more stimulus measures to help reverse a moribund economy. Stocks Rise, Nasdaq Hits Milestone Wall Street’s major indexes were back on solid footing Tuesday morning after posting their first back-to-back losses of the year. The broad S&P
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Germany’s economy has witnessed slower growth than usual, according to data released from the Federal Statistics Office (Destatis). The data shows the country has been consistently growing for the past nine years, but the rate has slumped in the past 12 months. While the country’s GDP grew by 2.2 percent in 2017, it fell to
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There’s no fear of an economic recession within the next five years, so everyone anxious about bearish projections should calm down. That’s the advice of Krishna Memani, the chief investment officer at OppenheimerFunds. Memani says the US economy is slowing down a bit, but it will still increase north of 2%. Moreover, Memani says that fears
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According to data provided by Beijing on Monday, China recorded a record-breaking trade surplus with the United States in 2018. The data reveals that China achieved a trade surplus of $323.3 billion, which is the largest trade surplus in more than a decade. This marks a 17.2% increase from 2017 figures, which stood at $287.5 billion.
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