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China's Low Consumer Confidence Creates Panic Among Global Giants: 'We Don't Know How Long It Will Take...'
Monday, August 12, 2024 - 9:07am | 599Several multinational corporations, including Volkswagen AG (OTC:VWAGY), Mercedes-Benz and L’Oréal, are voicing concerns over a drop in demand in China, due to a slowing economy and growing domestic competition. What Happened: Reduced demand in China has been a recurring theme in half-year...
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Chinese Stock Valuations Are 'Way Too Low,' Says Prominent Strategist Amid Economic Uncertainty
Tuesday, March 12, 2024 - 5:13am | 676A prominent strategist has voiced that the valuation of Chinese stocks is "way too low." This revelation comes amid a period of economic uncertainty in China. What Happened: Shaun Rein, the founder and managing director of the China Market Research Group, has expressed that the current stock...
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Analyst Says China's Economic Downturn To Deepen In 2024: 'Will Be Slower Than 2023'
Friday, December 29, 2023 - 2:25am | 621The Chinese economy is anticipated to experience a more severe slowdown in 2024, with no industry in a position to propel a widespread recovery, according to the managing director of China’s Beige Book. What Happened: Shehzad Qazi, China’s Beige Book managing director, suggested in a...
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China's Export Decline Adds Domestic Pressure Amid Global Economic Headwinds
Wednesday, November 8, 2023 - 5:28am | 593China continues to experience a significant drop in exports, marking the sixth consecutive month of decline and exerting additional pressure on the nation’s domestic economic policies. China’s exports have seen a steep fall, pointing to persistent challenges within the Chinese economy...
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Chinese Economy Grows More Than Expected In Q3 Despite Real Estate Woes
Wednesday, October 18, 2023 - 7:12am | 498The Chinese economy has exceeded growth expectations for the third quarter, despite a struggling real estate market. Massive investments in infrastructure and factories by the government and state banks have sparked this surge. As per the New York Times report, the country’s National...
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Chinese Consumer Inflation Unchanged, Fueling Worries Of Economic Slowdown
Thursday, October 12, 2023 - 10:41pm | 618China’s consumer inflation rate in September remained constant from the previous year, while producer prices kept falling. This stagnant inflation rate has intensified concerns about the requirement for additional measures to sustain economic growth. What Happened: According to Bloomberg, the...
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China's Economy Echoing 2008 Crisis: Expert Predicts Full-Blown Financial Turmoil
Tuesday, September 12, 2023 - 12:20am | 528China’s economic future is put into question, drawing comparisons to Japan’s economic slowdown in the 1990s and possible indications of an impending financial crisis, said Rockefeller International‘s Managing Director Ruchir Sharma in an op-ed published in the Financial Times....
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China's Central Bank Takes Surprising Step As Economy Falters: Why Americans Should Care
Tuesday, August 15, 2023 - 10:57am | 682The People's Bank of China unexpectedly reduced the one-year medium-term lending facility rates by 15 basis points to 2.5% Tuesday, signaling a proactive stance to support its economy against mounting challenges. The decision comes as China grapples with the dual threats of a deepening property...
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China's GDP: Statistics And Reality In The Chinese Economy, Part 2
Thursday, January 24, 2019 - 12:35pm | 842China's economic growth last year dropped to its lowest rate in a generation and though there were a number of international and domestic reasons for that performance it was not out of line, the Chinese economy has been slowing steadily for the last five years. The 6.6% increase in gross...
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China's New Five-Year Plan Is Almost Here
Friday, March 4, 2016 - 5:11pm | 334This weekend marks a crucial moment for the Chinese government, as it is set to unveil its new five-year economic plan during its annual session of the national legislature. The world will be paying especially close attention to this year’s plan. Fears surrounding the stability of China...
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Could China's Meltdown Derail The U.S. Economy?
Thursday, January 21, 2016 - 2:09pm | 1350Key Takeaways With 2016 off to a rough start, there are fears that China’s 40 percent stock market declines from recent highs could spell trouble for the global economy. Fears of a Chinese housing bubble collapse, social unrest, and declining demand for imports trouble investors....
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Stocks Break Out, But Bears Remain Unconvinced
Thursday, April 3, 2014 - 4:08pm | 1856Stocks apparently broke out of what had been a fairly painful trading range on Tuesday, as the S&P 500 pushed above both the old intraday and closing highs. Of course, the bears will argue the move was unconvincing and that no other major index followed suit. And anyone wearing a...
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BlackRock CEO Laurence Fink: Market Decline Is Normal
Thursday, February 6, 2014 - 12:35pm | 213BlackRock (NYSE: BLK) Chief Executive Officer Laurence Fink said that recent market declines seen worldwide is merely a temporary setback and not a sign of slowing economic growth. Fink, who oversees $4.3 trillion in assets, told Bloomberg, “I look at this as a good old-fashioned correction” as...
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China Expected To Have 7.5% Growth Goal In 2014
Tuesday, December 24, 2013 - 2:08pm | 7362014 could be a challenging year for China's economy. Earlier this month, top Communist Party leaders gathered for the nation's annual China Economic Work Conference (CEWC), and announced they would adopt measures to ensure “stable and relatively fast” economic growth next year. And while the...
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3 Reasons Every Family Office Should Own Shares of ArcelorMittal
Tuesday, December 3, 2013 - 4:43pm | 465ArcelorMittal (NYSE: MT) is the world's largest steel company, and it is a mess. It expanded at the worst possible time and its shareholders have paid the price. The company's stock plunged during the Great Recession -- from over $100 in June 2008 to under $18 now. It has started to recover, up...