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Search resuls for: "Xi Jinping's Politburo"


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US companies are finding China increasingly "uninvestible", according to commerce secretary Gina Raimondo. "Increasingly I hear from businesses, China is uninvestible because it's become too risky," she said, according to Bloomberg. And then there's a whole new set of concerns, the sum total of which is making China feel too risky for them to invest," Raimondo added. AdvertisementAdvertisementUS firms are contending with new anti-spying laws introduced by Xi Jinping's Politburo, as well as more competition from state-funded Chinese companies. "It doesn't mean when we talk, I'm going to compromise or concede," Raimondo added.
Persons: Gina Raimondo, They're, Raimondo, it's, they've, Xi Jinping's, State Anthony Blinken, Janet Yellen, Joe Biden's, John Kerry Organizations: Service, Bloomberg, Xi Jinping's Politburo, State Locations: China, Wall, Silicon, Beijing, Shanghai, outflows
China's top decision-making body, the Politburo, is set to meet to discuss the economy Friday. The country's growth has stagnated in recent months, while youth unemployment has soared. The Politburo, which is Beijing's top decision-making body, is set to meet at the end of what could be a make-or-break week for markets. That's become a crucial concern for China in recent weeks, with growth stagnating, youth unemployment soaring, and the country teetering on the brink of deflation. Chinese stocks have struggled in 2023 amid signs the country's economy is faltering after nearly three years of harsh zero-COVID lockdowns.
Persons: That's, Evergrande, Xi Jinping, Mark Haefele, we've Organizations: Service, UBS Global Wealth Management, CSI Locations: Beijing, Wall, Silicon, mull, China, Shanghai
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