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☆ China's industrial profits post faster gains in June despite faltering economy
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from a 3.4% increase in the January-May period, National Bureau of Statistics (NBS) data showed. Roughly half of more than 10 mainland-listed alcoholic beverage firms that had released forecasts for H1 earnings expected a loss-making first half. State-owned firms reported profits up 0.3% in the first half, foreign firms recorded an 11% gain, while private-sector companies booked a 6.8% rise, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations.

Organizations: National Bureau of Statistics, Nvidia Locations: Lujiazui, Shanghai, China, Suzhou

☆ China says relations with Japan at 'critical stage'
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

Relations between China and Japan are at a critical stage, Chinese Foreign Minister Wang Yi told his Japanese counterpart on Friday as the pair discussed thorny issues including Japanese nationals detained in China, food import bans and semiconductor curbs. "China-Japan relations are currently at a critical point: advance or be left behind," Wang told Kamikawa, according to a readout of the talks issued by the Chinese foreign ministry. It is hoped that the Japanese side will establish an objective and correct perception of China and pursue a positive and rational policy towards China." In their first one-to-one talks in eight months, Kamikawa strongly urged the lifting of import restrictions Beijing imposed on Japan food products in the wake of the Fukushima water release. She also called for the early release of Japan detainees in China.

Persons: Wang Yi, Wang, Japan's Yoko Kamikawa, Kamikawa Organizations: Southeast, ASEAN, Saturday's East Asia Summit, ASEAN Regional Forum, Japan, Astellas Pharma Locations: China, Japan, Laos, Saturday's, Beijing, Tokyo

☆ China has to address its broader economic malaise: Professor
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic malaise related to government's uncertain attitude toward private sector: ProfessorEswar Prasad, professor of international trade and economics at Cornell University, says "the reality is that the Chinese government needs to come to grips with the fact that there is a broader economic malaise that is related to the uncertainty about [its] attitude toward the private sector," among other things.

Persons: Eswar Prasad Organizations: Cornell University

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ Gold firms ahead of U.S. inflation data, but set for weekly loss
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. "Last week, prices scaled record highs on bets of a September U.S. rate cut. The U.S. personal consumption expenditure data for June — the Federal Reserve's favored measure of inflation — is due at 1230 GMT. Meanwhile, India's demand for gold is likely to rise while moving into the fourth quarter, which is traditionally a robust seasonal period for gold demand," ANZ's Kumari said.

Persons: Gold, Soni Kumari, Sugandha Sachdeva, ANZ's Kumari Organizations: Aurum, Federal Reserve, ANZ, SS, U.S ., Hong Kong Locations: U.S, New Delhi, China, Hong

☆ Lockheed Martin's new compact hypersonic missile enables America's stealth fighters to engage targets at Mach 5 speeds
▼ + stars: | 2024-07-26 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +12 min

Hypersonic missiles are weapons that are capable of achieving sustained speeds in excess of Mach 5 while maneuvering. It is a true hypersonic weapon that operates and maneuvers in a high-altitude hypersonic regime," Paul Sudlow from Lockheed Martin Missiles and Fire Control previously told Sandboxx News. AdvertisementAdding the Mako missile to America's stealth fightersA render of an F-35 equipped with Mako missiles. Designed in a 'digital engineering ecosystem'A render shows the Mako hypersonic missile in flight. Leon Neal/Getty ImagesOne of the biggest challenges facing the laundry list of hypersonic weapons in active development for the US military is cost.

Persons: —, Lockheed Martin, Mako, Paul Sudlow, Sudlow, Nano Calvo, Northrop Grumman, Rick Loy, Lockheed Martin's, Lockheed, Lockheed Martin Lockheed Martin, Leon Neal Organizations: Service, Mako, Lockheed, US Air Force, US Navy, Business, Lockheed Martin Missiles, Control, Sandboxx, Air, Sandboxx News, EA, AIM, Air Force, Navy, Marine Corps, Getty, US Air, Northrop, Naval News, Visitors, Defense Department, Congressional Locations: Mako, Lockheed Martin Europe, London

☆ Morgan Stanley's Jitania Kandhari on China's consumer weakness
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Jitania Kandhari on China's consumer weaknessJitania Kandhari, Morgan Stanley Investment Management solutions and multi-asset group deputy CIO and portfolio manager, joins CNBC's 'The Exchange' to discuss weakness in China's consumer demand, impact to brands, and whether the weakness might present a buying opportunity.

Persons: Morgan Stanley's, Kandhari, Morgan Organizations: Morgan Stanley Investment Management

☆ Ford thinks bigger is not always better
▼ + stars: | 2024-07-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

CEO Jim Farley told investors in an earnings call on Wednesday that when it comes to EVs, bigger is not always better — and said that the company's future would depend on its ability to build smaller, cheaper electric vehicles. Advertisement"In ICE [Internal Combustion Engine], a business we've been in for 120 years, the bigger the vehicle, the higher the margin," Farley said. The company continues to lose money on its electric vehicle business amid an industry-wide slowdown in demand for EVs. Ford has quietly created a secretive "skunkworks" team, reportedly based in California, to build this new platform. "We have to start to get back in love with smaller vehicles.

Persons: —, Tesla, Jim Farley, Farley, Ford Organizations: Service, EV, Business, Detroit, Tesla, Ford, Aspen Ideas Locations: California

☆ China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

CNBC | Evelyn ChengSHANGHAI — China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic. Authorities announced they would allocate 300 billion Chinese yuan ($41.5 billion) in ultra-long special government bonds to expand an existing trade-in and equipment upgrade policy. He noted how the new policy links Beijing's ultra-long bond program — announced in March — with consumption. The National Development and Reform Commission on Thursday then announced the expanded policy to support consumption. He noted that the 300 billion yuan designation also reflects "a new way of thinking" which can have impact at scale.

Persons: Evelyn Cheng, Zong Liang, —, Zong, Bruce Pang Organizations: CNBC, Thursday, Authorities, National Development, Reform, Ministry of Finance, Bank of, People's Bank of Locations: Evelyn Cheng SHANGHAI, China, People's Bank of China, JLL

☆ Chinese banks cut deposit rates to relieve squeezed margins
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

Brent Lewin | Bloomberg | Getty ImagesFive of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending benchmarks to bolster stuttering economic growth. Industrial and Commercial Bank of China (ICBC) , Agricultural Bank of China , China Construction Bank , Bank of China and Bank of Communications cut deposit rates by 5 to 20 basis points, according to statements on their websites. It marks the first broad reduction in deposit rates by Chinese banks since December last year. Prior to that, Chinese lenders had broad cuts to deposit rates in late 2022, their first such move since 2015. ICBC cut its demand deposit rate by five basis points to 0.15% and one-year deposit rate by 10 basis points to 1.35%.

Persons: Brent Lewin, Nie Wen, Nie Organizations: Agricultural Bank of China Ltd, Bloomberg, Getty, Commercial Bank of China, Agricultural Bank of, China Construction Bank, Bank of China, Bank of Communications, Shanghai Hwabao Trust Locations: Guangdong, Guangzhou, Guangdong Province, China, Agricultural Bank of China, Shanghai

☆ Oil prices ease on concerns over weak China demand, Mideast ceasefire talks
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. This year, China's oil imports and refinery runs have trended lower than in 2023 on lower fuel demand amid sluggish economic growth, according to government data. "If Middle East ceasefire talks progresses, U.S. equities continue to slide, and China's economy remains sluggish, oil prices could fall to early June levels," said Satoru Yoshida, a commodity analyst with Rakuten Securities.

Persons: Hiroyuki Kikukawa, Kikukawa, Joe Biden, Benjamin Netanyahu, Satoru Yoshida Organizations: Brent, . West Texas, Energy Information Administration, NS, Nissan Securities, Hamas, U.S, Congress, Rakuten Securities Locations: China, Israel, Gaza, Egypt, Qatar

☆ NORAD says it tracked Chinese and Russian long-range bombers off Alaska
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +3 min

Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.

Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea

☆ China’s hosting Palestinian and Ukrainian delegations this week. But can it play peace broker in global conflicts?
▼ + stars: | 2024-07-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s top diplomat Wang Yi has had a busy week in which two devastating conflicts have loomed large. Kuleba’s visit was the first time in the nearly 29 months of Russia’s war on Ukraine that a high-level Ukrainian official has visited China. Official statements from Beijing and Kyiv after Wednesday’s Wang-Kuleba talks gave no indication that the Ukrainian diplomat had swayed Beijing toward Kyiv’s vision for peace. Observers say Beijing could, at some point, play a role in any potential future talks, but is unlikely to shift its relationship with Russia. But it was met with some skepticism from observers in the region given the failure of past attempts at unity.

Persons: Hong Kong CNN —, Wang Yi, Wang, Fatah, Dmytro Kuleba –, –, Kuleba, Beijing “, ” Wang, ”, Steve Tsang, Kuleba’s, Vladimir Putin, Volodymyr Zelensky, “, Zelensky, Russia ”, Antony Blinken, Mahmoud al, Mussa Abu Marzuk, Pedro Pardo, Beijing’s, Wednesday’s Wang, ” Kuleba, Xi, Chong Ja Ian, Donald Trump, Trump’s, JD Vance, ” Chong, Jonathan Fulton Organizations: Hong Kong CNN, Hamas, Ukrainian, SOAS China Institute, University of London, Beijing, NATO, Central Committee, Fatah, China's, Getty, Foreign Ministry, Ukrainian Foreign Ministry, Kyiv, Observers, West, National University of Singapore, Republican, Global, ”, Palestinian, US State Department, West Bank ”, Atlantic Locations: China, Hong Kong, Beijing, Gaza, Ukraine, Russia, United States, Russian, Kyiv, Laos, AFP, Guangzhou, Ukrainian, Moscow, China’s, ” Russia, India, Brazil, Israel

☆ Oil prices fall more than 1% as worries about Chinese economy grow after surprise rate cuts
▼ + stars: | 2024-07-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Crude oil futures fell more than 1% on Thursday as concerns about the health of China's economy grow after the country's central bank cut rates twice in a week. The People's Bank of China slashed interest rates in a unexpected move Monday, followed by a surprise cut to its medium term facility lending rate on Thursday. Here are today's energy prices:Oil prices are down despite declining U.S. crude and gasoline inventories indicating an uptick in demand and second quarter economic growth coming in at a 2.8% rate for the second quarter. The possibility of a cease-fire in the Israel-Hamas is raising hopes that tensions in the Middle East will de-escalate.

Persons: China's, Amarpreet Singh Organizations: People's Bank of China, Barclays Locations: Stanton , Texas, Israel

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ Trump 2.0 could go 'nuclear' on China trade, while economists say Harris would remain tough
▼ + stars: | 2024-07-24 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands

☆ Investors in China now favor major banks: BofA
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors in China now favor major banks: BofAWinnie Wu, chief China equity strategist at BofA Securities, says China's major banks' earnings are "probably more predictable."

Persons: Winnie Wu Organizations: Investors, BofA Securities Locations: China

☆ Elon Musk is probably getting a little nervous
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.

Persons: —, Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters

☆ Hedge fund manager Dan Niles says it's too early to buy beaten-up mega-cap tech stocks
▼ + stars: | 2024-07-24 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +3 min

Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation that the trade is in significant trouble. On July 11, Niles warned on X that earnings season could expose big risks in the megacap tech trade. He was particularly worried about the Magnificent Seven stocks, which include Tesla , Nvidia , Alphabet , Meta Platforms , Microsoft , Apple and Amazon . So, you're going to have a fall off some time next year in cap equipment that's going to be horrific because of that." Longer term, Niles thinks the bull case for megacap tech stocks is intact.

Persons: Dan Niles, Niles, CNBC's, I'm, they're, China's, there's, we're, we've Organizations: Google, Niles Investment Management, Nvidia, Microsoft, Apple, Cisco Locations: frothiness, China, Niles

☆ China just made another audacious bid to challenge the US as a key Middle East power broker
▼ + stars: | 2024-07-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewIn the nine-month war between Israel and Hamas, an unlikely nation has emerged as a key power broker in the Middle East: China. Reconciling the groups with an eye to building a postwar Palestinian government is a diplomatic coup for Beijing, after years of trying to position itself as a power broker in the Middle East. China challenges US might in the Middle EastIn the last few years, China has challenged US influence in the Middle East. In 2023, it helped broker a restoration of diplomatic relations between Iran and Saudi Arabia after decades of proxy conflict. "China also doesn't want to sacrifice much to advance any of its interests in the Middle East," Jon Alterman, an analyst with the Center for Strategic and International Studies, told the US Congress in April.

Persons: —, Fatah, Wang Yi, It's, Ali Wyne, Aaron David Miller, Wyne, Jon Alterman Organizations: Service, Hamas, Reuters, Business, PLO, West Bank, Crisis, Palestinian, Center for Strategic, International Studies Locations: Israel, East, China, Beijing, Gaza, Fatah, Washington, Iran, Saudi Arabia, Saudi, States

☆ LVMH is waiting for China's consumers to shop at home
▼ + stars: | 2024-07-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewChina's once-mighty consumers are holding back on buying as much as they used to at home. But luxury giant LVMH is still spending big on them. LVMH does not break out its sales for China separately. AdvertisementChina's luxury consumers are spending in JapanRich Chinese consumers are not spending as much at home because, post-pandemic, they can travel and spend their money elsewhere, with Japan a top destination. The fluctuations in the yen make it challenging for LVMH to price its products in Japan.

Persons: —, Jean, Jacques Guiony, LVMH, Guiony, It's Organizations: Service, Business, Japan Locations: Japan, China, Asia, Japan Rich, Mainland China, Fukuoka

☆ Elon Musk says he expects China to approve Full Self-Driving by the end of the year
▼ + stars: | 2024-07-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association. BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting another quarter of disappointing earnings. "Pretty soon, we will ask for regulatory approval of the Tesla-supervised FSD in Europe, China and other countries. China accounts for about 22% of Tesla's sales. Musk in April had said rollout to China "may be possible very soon," according to his response to a question on X.

Persons: Elon Musk, Musk Organizations: China Passenger Car Association, BEIJING —, Tesla, Beijing Locations: China, Europe, United States, Canada

☆ China released a 22,000-character plan for its economy that doesn't say very much
▼ + stars: | 2024-07-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's Third Plenum meeting ended with a vague economic plan, disappointing analysts. China's economy is struggling amid a property crisis and weak consumer spending. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLast week, China held a major meeting to draft out long-term strategies for its economy. At the end of the meeting, called the Third Plenum, Beijing released a lengthy document spanning 22,000 Chinese characters.

Persons: — Organizations: Service, Plenum, Business Locations: China, Beijing

☆ China's economy is stagnant and shows no signs of growing: Dennis Unkovic
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy is stagnant and shows no signs of growing: Dennis UnkovicDennis Unkovic, Meyer, Unkovic & Scott partner, joins 'Power Lunch' to discuss China's economy, outlook and more.

Persons: Dennis Unkovic Dennis Unkovic, Meyer, Unkovic, Scott

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