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☆ China economy: All-important property market shows no sign of rebound in new year
▼ + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com time to read: +4 min

New property sales reached a total of 1.06 trillion yuan ($147 billion) in the first two months of this year, according to data released by the National Bureau of Statistics (NBS) on Monday. The drop also marks a much faster pace of decline from the year-ago period, when new property sales dipped just 0.1%. Property investment fell 9% in the January-to-February period, which was faster than the 5.7% decrease registered during the same period last year. “The correction in property construction is still in its early stages,” Capital Economics analysts said in a research note on Monday. The growth in factory output might be driven by strong exports demand.

Persons: Hong Kong CNN —, “, ”, Louise Loo, ” Loo, Zhiwei Zhang Organizations: Hong Kong CNN, National Bureau of Statistics, Capital, Catering, “, Oxford Economics Locations: China, Hong Kong

☆ This company is using the AI that powers ChatGPT to help warehouse robots expect the unexpected
▼ + stars: | 2024-03-17 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Since its founding, Covaraint has secured around $222 million in funding, Business Insider previously reported. And the company's software already powers sorting robots in warehouses across the globe, according to the Times. AdvertisementBut by relying on the same underlying technology ChatGPT uses, the robots powered by Covariant's software can learn through trial and error. A spokesperson for Covariant did not respond to a request for comment from Business Insider.

Persons: —, ChatGPT, Pieter Abbeel, Peter Chen, Rocky Duan, Tianhao Zhang, Abbeel, Chen, Duan, Covaraint Organizations: Service, The New York Times, Business, Times, The Times, YouTube, University of California Locations: California, The, Berkeley

WASHINGTON (AP) — If some U.S. lawmakers have their way, the United States and China could end up with something in common: TikTok might not be available in either country. But while U.S. lawmakers associate TikTok with China, the company, headquartered outside China, has strategically kept its distance from its homeland. Since its inception, the TikTok platform has been intended for non-Chinese markets and is unavailable in mainland China. Some have insisted they be called “global companies” instead of “Chinese companies.”But for TikTok, this may not be enough. “America’s foremost adversary has no business controlling a dominant media platform in the United States.

Persons: TikTok, Joe Biden, Zhiqun Zhu, ” Zhu, Alex Capri, Hinrich, ” Capri, Capri, Zhang Yiming, Mike Gallagher, ”, Gallagher, “, Sen, Tom Cotton, Shou Zi Chew, beholden, Chew, Nancy Pelosi, ” Chew, Thomas Zhang, Zhang, It's, Donald Trump, Trump Organizations: WASHINGTON, Bucknell University, “, National University of Singapore, Hinrich Foundation, Chinese Communist Party, CCP, Communist, Wired, Republicans Locations: United States, China, Beijing, Hong Kong, U.S, Washington, there's, Chinese, Chew

☆ College is still worth it, research finds — although these majors have the lowest rate of return
▼ + stars: | 2024-03-14 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

A recent study published in the American Educational Research Journal found that engineering and computer science majors provide the highest returns in lifetime earnings, followed by business, health and math and science majors. Education and humanities and arts majors had the lowest returns of the 10 fields of study considered. "However, there are significant differences across college majors." Overall, the researchers found that the benefits of higher education have held up, even as enrollment has declined and the labor market outcomes for those without a college degree have improved, Zhang said. For workers with a bachelor's degree, education was the lowest-earning field of study, followed by psychology and social work and the arts.

Persons: Liang Zhang, Zhang Organizations: Georgetown University Center, Education, Workforce, Federal Reserve Bank of New, American Educational Research, NYU Steinhardt School of Culture , Education, Human Development, Finance, Ivy League, Georgetown Center, Center Locations: Federal Reserve Bank of New York

☆ A lower-cost options trade that wins if this cheap drug stock keeps making a comeback
▼ + stars: | 2024-03-13 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Let's analyze how to trade a drug stock that's made a terrific comeback and could have more upside from here. But there's a catch: The price of call options have become too expensive given the rally, so we need to think of lower-cost trade to bet on upside from here. Now that it's traded off those lows and started to outperform the markets, I have a follow-up trade. The trade Options on BMY currently are very expensive, so buying calls are out of the question. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: that's, BMY, it's Organizations: Myers Squibb, underperformance, pharma, Bristol Myers Locations: Bristol

☆ Miniso CFO discusses company's plans to add about 1,000 stores a year over the next 5 years
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMiniso CFO discusses company's plans to add about 1,000 stores a year over the next 5 yearsEason Zhang, chief financial officer of Miniso, discusses the company's strong quarterly earnings report and its growth outlook.

Persons: Eason Zhang, Miniso

☆ I quit my dream teaching job to become a virtual assistant. My income dropped 25%, but my flexible schedule is worth it.
▼ + stars: | 2024-03-13 | by ( Jane Zhang | ) www.businessinsider.com time to read: +7 min

She currently has two clients and appreciates the flexibility she has as a virtual assistant. AdvertisementI looked online to see if there was something I could do while I was at home and came across a video about being a virtual assistant. As a teacher, I'd been talking mostly to eight-year-olds, so I didn't have to be so professional and so corporate. Working as a virtual assistant does not come naturally to me. As a virtual assistant, I make between $21 and $30 an hour.

Persons: Brittany Davila, —, I'd, I'm, it's, I've, Davila, Belay webinars, Jane Zhang Organizations: Service, Fort Bend Independent Locations: Belay, janezhang@businessinsider.com

With bitcoin hitting new record highs, the crypto world is bracing for the next "halving," which occurs every four years. We break down how it works and what it means for investors. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Business

☆ TikTok leaders are pretty surprised that a bill to ban TikTok is zooming through Congress: report
▼ + stars: | 2024-03-11 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewA bill to ban TikTok in the US is speeding through Congress and has caught the social media platform off guard, The Wall Street Journal reported. A TikTok spokesperson told Business Insider it expects the bill to pass, saying it had a "predetermined outcome." Others, like former President Donald Trump and Elon Musk, have also weighed in, expressing their opposition to a TikTok ban. The movement to ban TikTok in the US has been pushed by legislators who believe the company will hand over user data to the Chinese government. AdvertisementIn response to the House bill, TikTok went on the offensive and urged its users to contact their representatives to let them know they opposed it.

Persons: —, Mike Gallagher, Raja Krishnamoorthi, Joe Biden, Biden, Rand Paul, Lindsay Graham, Donald Trump, Elon Musk, Paul, TikTok, Sen, Ed Markey, Bobby Kotick, ByteDance, Zhang Yiming, Kotick, Sam Altman Organizations: Service, Street Journal, Republican Rep, Democratic Rep, Business, House Energy, Commerce, Senate, Associated Press, Elon, Google, Big Tech, Activision, Journal, Kotick, BI Locations: Wisconsin, Illinois, United States, TikTok

☆ Ex-Activision CEO Bobby Kotick pitched buying TikTok to potential partners, including Sam Altman: report
▼ + stars: | 2024-03-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Bobby Kotick, the former chief of gaming giant Activision, wants to buy TikTok. He's floated the idea to ByteDance cofounder Zhang Yiming and OpenAI's Sam Altman, the WSJ reports. A proposed bill gaining steam in Congress would force TikTok to sell to a US entity or shut down. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBobby Kotick, the former CEO of gaming giant Activision, may see TikTok as his next act — that is, if a controversial bill making its way through Congress becomes law.

Persons: Bobby Kotick, He's, Zhang Yiming, OpenAI's Sam Altman, TikTok, —, Kotick Organizations: Activision, Service, Microsoft, Street Journal, Business

☆ He was once hailed as the pride of China. Now nationalists are coming for this Nobel laureate
▼ + stars: | 2024-03-11 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

Now, some of China’s most zealous online nationalists have a new target in their crosshairs: the country’s first officially recognized Nobel laureate. Mo Yan receives the 2012 Nobel Literature Prize from King Carl Gustaf of Sweden during an award ceremony on December 10, 2012 in Stockholm. He accused Wu of creating a publicity stunt by “maliciously framing” the Nobel laureate and taking his words out of context. In 2011, he was named the vice chairman of the state-run Chinese Writers Association – an appointment that could not have been made without the blessing of the party. In 2022, Sima Nan, a nationalist pundit known for his inflammatory criticism of the United States, famously accused Mo’s Nobel win of being a Western effort to smear China.

Persons: Hong Kong CNN — They’ve, Mo Yan, Xi Jinping, Xi, Wu Wanzheng, Mao Xinghuo, Wu, Guan Moye, –, Mo, King Carl Gustaf of Sweden, Jonathan Nackstrand, ” Zhang Yongsheng, Hu Xijin, Hu, ”, Murong Xuecun, “ Xi, Mao, Writers Association –, Liu Xiaobo, Liu, caricaturize, “, doesn’t, Sima Nan, Mo’s Nobel, ” Murong Organizations: Hong Kong CNN, Communist Party, Communist, Getty, Red Guards, Tongji University, Global Times, Writers Association, Chinese Writers Association Locations: China, Hong Kong, Mo, Weibo, Stockholm, AFP, Shanghai, Beijing, Shandong, United States

☆ I'm a former tech manager who has put employees on PIPs. Almost no one survives them — someone in the company wants you gone.
▼ + stars: | 2024-03-11 | by ( Jane Zhang | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Theresa Sue Mubenga, a former tech manager and startup founder. But companies need to put more good managers in place that care for their employees. There are a lot more bad managers than good managers. PIPs are not survivable, because once someone gets a PIP, they often feel targeted and don't want to work at a company. AdvertisementIf you've ever been put on a PIP at a Big Tech company and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: —, Theresa Sue Mubenga, I've, — I've, you've, Jane Zhang Organizations: Service, Business, Big Tech Locations: janezhang@businessinsider.com

☆ China’s consumer inflation rate rises for first time in six months. But the holiday boost is likely to fade
▼ + stars: | 2024-03-11 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices. The Consumer Price Index (CPI) increased by 0.7% in February from a year earlier, government data showed on Saturday, versus a rise of 0.3% forecast in a Reuters poll. This was the first increase in the inflation rate since August 2023. Last Tuesday, Premier Li Qiang said the government had set this year’s growth target at around 5% and inflation target at 3%. But the key to growth and rising prices will be how Beijing implements its policy to stimulate demand and boost confidence, analysts said.

Persons: “, ”, Zhiwei Zhang, ” Nomura, Price, Li Qiang, Gongsheng, Zheng Shanjie Organizations: Hong Kong CNN —, Index, “, People’s Bank of China, Getty, National, ” Citi Locations: China, Hong Kong, Nanjing, Jiangsu province, Beijing

☆ Analysis: China worried about return of Trump, but also sees opportunities if he wins 2024 election
▼ + stars: | 2024-03-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +15 min

Then-US President Donald Trump and his wife Melania with Chinese leader Xi Jinping and his wife Peng Liyuan at Beijing's Forbidden City in 2017. “If this decoupling is carried out by Trump 2.0 in a very forceful way, the impact on China is going to be very severe. But experts say China’s business and official sectors are likely already considering contingency plans. Chinese leader Xi Jinping and Russian President Vladimir Putin leave a reception following talks at the Kremlin in March 2023. “Whoever wins – the structure of (US) confrontation, competition, pressure to China are still there,” he said.

Persons: Joe Biden, Xi, Donald Trump, didn’t, –, Biden, Wang Yi, Trump, He’s, Trump’s, Brian Wong, ” Wong, Lintao Zhang, Obama, Melania, “, Xi Jinping, Peng Liyuan, Xie Huanchi, he’s, ”, Bala Ramasamy, Shen Dingli, Premier Li Qiang, Ronald Reagan, “ Biden, Shen, ” Trump, skeptically, Vladimir Putin, Putin, Pavel Byrkin, Wong, it’s, Wang Yiwei Organizations: Beijing CNN —, Communist Party, Biden, Senior, Trump’s “, University of Hong Kong’s, Contemporary, House, oceanside, Trump, of, Forbidden, Huawei, Oxford Economics, China Europe International Business School, Premier, American, South Korea Navy, Asia –, Russia’s, NATO, Europe, Kremlin, Getty, South Korea –, White House, Renmin University Locations: China, Beijing, State, US, Russia, Communist, Contemporary China, Taiwan, Lago, City, Xinhua, Shanghai, Southeast Asia, Latin America, Europe, China's Qingdao Port, –, Asia, Seoul, Tokyo, Ukraine, United States, AFP, Japan, South Korea, America, Washington, Hong Kong, South China

☆ Economist discusses China trade data
▼ + stars: | 2024-03-07 | 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 EmailEconomist discusses China trade dataPinpoint Asset Management's chief economist Zhang Zhiwei says it remains to be seen that stronger-than-expected-imports were the result of improving domestic demand in China.

Persons: Zhang Zhiwei Organizations: Economist Locations: China

☆ Premarket stocks: Fed Chair Powell is about to get grilled by Congress. Here’s what markets want to hear
▼ + stars: | 2024-03-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Fed Chair Jerome Powell has a chance to provide more insight when he testifies before Congress on Wednesday and Thursday. Those reports pushed back market bets on when the Fed will start cutting interest rates. Investors will closely listen for any hints from Powell about what the Fed is looking for, data-wise, before it begins to lower interest rates. Powell will also be asked about the economic pain Americans are feeling as a result of elevated inflation and interest rates. When interest rates fall, holding income-paying assets (like bonds) becomes less appealing than owning the precious metal.

Persons: Jerome Powell, there’s, ”, Powell, —, Emanuel Cleaver, Dave Sekera, Claudia Sahm, ” Powell, Krystal Hur, Samantha Murphy Kelly, “, ” Mengmeng Zhang Organizations: CNN Business, Bell, New York CNN, Federal, Investors, Missouri Democrat, Politico, Morningstar, Morningstar . New York Community Bank, Fitch, Moody’s Investors Service, Federal Reserve, Costco, Apple, Counterpoint Research, Huawei, Counterpoint Locations: New York, Missouri, Morningstar ., China

☆ Overvalued stocks like this one are at risk of a pullback following the rally. How to capitalize on it
▼ + stars: | 2024-03-06 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As the equity markets grind to new all-time highs, stocks that have been bid up over the past couple of months significantly beyond their average valuation are at risk of a pullback. In my opinion, the upside from here is limited and an opportunity to fade this incredible strength and momentum. We're just trading up against this trendline and a potential stopping point for this rally. Additionally, momentum indicators have reached severely overbought conditions that statistically point to a potential pullback in the short run. GE is effectively trading at the same price as it was in 2017, when it earned nearly three times more profits.

Persons: it's Organizations: Electric, GE

☆ China may have to resort to a tried-and-tested tactic to power its 'new leap forward'
▼ + stars: | 2024-03-06 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +5 min

Liu Liqun | Corbis Documentary | Getty ImagesChina may want a "new leap forward" in "productive forces" — but President Xi Jinping may need to resort to an old tactic to hit the country's ambitious growth target this year, one economist warns. While scant on specifics, the work report appears to suggest Beijing is refraining from the aggressive, bazooka-like stimulus that some markets observers were expecting. China has historically resorted to infrastructure building as a short-term fix to boost growth, particularly after the 2008-09 financial crisis. Goldman Sachs economists said that this pledge is the "most important positive surprise" from this year's government work report. Chinese Premier Li Qiang delivers a speech during the opening of the second session of the 14th National People's Congress at The Great Hall of People on March 5, 2024 in Beijing, China.

Persons: Liu Liqun, Xi Jinping, Wang Dan, Wang, Erica Tan, Goldman Sachs, Li Qiang, Li, Lintao Zhang Organizations: Bund, Getty, Hang Seng Bank, CNBC, China Investment Corporation, Maybank, Seng Bank, National People's Congress, of People Locations: China, Beijing, overcapacity, Covid, Gorges

☆ Apple iPhones sales fall 24% in China amid competition and headwinds
▼ + stars: | 2024-03-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including Apple, Oppo and Vivo experiencing declines. Customers that once would have considered Apple are now turning to national brands, particularly Huawei, Counterpoint said. The stock has fallen about 11.6% this year on concerns about weakening sales, particularly in China. China remains a very important market for Apple as it is the largest market behind the US. “Apple, to its credit, ended the year at number one, which was extraordinary despite headwinds from China,” he said.

Persons: “, ” Mengmeng Zhang, Huawei’s, they’ve, Jeff Fieldhack, Apple, ”, Fieldhack, CNN’s Krystal Hur Organizations: CNN, Apple, Counterpoint Research, Huawei, Counterpoint Locations: China, United States

☆ Analysis-As China's Xi Summons 'New Productive Forces', Old Questions Linger for Economy
▼ + stars: | 2024-03-05 | by ( March | At P.M. | ) www.usnews.com time to read: +5 min

By James Pomfret, Kevin Yao and Ellen ZhangHONG KONG/BEIJING (Reuters) - Facing its deepest economic challenges in years, China's leadership has tasked ministries and local governments with implementing a new mantra from President Xi Jinping: unleash "new productive forces". Beijing hopes the “new productive forces” campaign will strengthen China at a time when geopolitical pressures including steps by the United States to “decouple” or “de-risk” have curtailed access to foreign technology. "To support innovation, we should give people more freedom to think and talk, because many innovations result from the collision of ideas. The new mantra was also taken up by China's state planning agency, the National Development and Reform Commission. Its annual report on Tuesday pledged support for industries including satellite internet applications, China's BeiDou Navigation Satellite System, and research into nuclear fusion.

Persons: James Pomfret, Kevin Yao, Ellen Zhang HONG, Xi Jinping, Li Qiang, Xi’s, Xi, Tianchen Xu, Li, Steve Tsang, Ellen Zhang, Nick Macfie Organizations: Communist Party, Party, Reuters, Economist Intelligence Unit, SOAS China Institute, National Development, Reform Commission Locations: Ellen Zhang HONG KONG, BEIJING, China, China’s, Beijing, United States, London, Pearl

Among registered voters nationwide, 26 percent believe the economy is good or excellent, according to polling in late February by The New York Times and Siena College. The movement occurred disproportionately among older Democrats, a constituency already likely to vote for Mr. Biden. And the share of voters saying they approve of the job Mr. Biden is doing in office has actually fallen, to 36 percent in the latest poll, from 39 percent in July. Inflation has pervaded economic sentiment since mid-2022, confronting voters daily with the price of everything from eggs to car insurance. Nearly two-thirds of registered voters in the Times/Siena poll rated the price of food and consumer goods as poor.

Persons: Biden doesn’t, Mr, Biden Organizations: The New York Times, Siena College, Times Locations: Siena

☆ What Makes a Top Runway Model in 2024?
▼ + stars: | 2024-03-05 | by ( Elizabeth Paton | ) www.nytimes.com time to read: +1 min

There is one model who walked in more fashion shows than any other in 2023. Yilan Hua is from China. Ms. Hua, 24, is the leading face of a new generation of popular Chinese models that includes He Cong, Chu Wong and Ying Ouyang — despite a family death this season that kept her off the runway for much of Paris Fashion Week. So why is the industry so taken with her, and what does her ascent reflect about the importance of China to luxury fashion? “Yilan doesn’t necessarily embody the traditional beauty standards revered by Chinese audiences,” Ms. Zhang wrote in an email.

Persons: Yilan Hua, outpacing, América, Victoria Fawole, Chanel, Fendi, Michael Kors, Stella McCartney, Christian Dior, Hua, Chu Wong, Ying Ouyang —, Margaret Zhang, “, ” Ms, Zhang, ” Organizations: Cannes Film, Vogue, Vogue China Locations: China, Venezuela, Nigeria, Paris

☆ I left California for Las Vegas. Even after a $39,000 pay cut, my house is bigger, my 401(k) contributions went up, and the quality of my life improved.
▼ + stars: | 2024-03-05 | by ( Jane Zhang | ) www.businessinsider.com time to read: +9 min

In 2021, she and her husband moved to Las Vegas, subsequently quitting her job and taking a 20% pay cut. Peck says the move and the pay cut were worth it and she loves her life in Vegas. I negotiated a huge pay bump and started making $167,500, which increased to $184,000 after I got a 10% raise. Now, I own a house triple the size of my California house and I'm paying only $4,200 a year in property tax. But if you're like me and you're transitioning to a place with lower expenses and lower taxes, it can make sense.

Persons: Alli Peck, Peck, —, I'd, It's, we've, Jane Zhang Organizations: Service, Business, San Locations: Las Vegas, Vegas, Bay, California, San Francisco, Seattle, Nevada, janezhang@businessinsider.com

☆ How Victoria Beckham fell for Paris
▼ + stars: | 2024-03-04 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +5 min

Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. Paris CNN —Unscathed by the PETA protesters who disrupted her show, Victoria Beckham closed out the fifth day of Paris Fashion Week at the lavish Salomon de Rothschild Hotel on Friday night. At Carven, Louise Trotter, former creative director for Lacoste, presented her first collection for the French heritage house. Off-White creative director Ibrahim Kamara after the presentation of his debut collection for the brand. (British fashion houses including Vivienne Westwood and Paul Smith also relocated to Paris at different stages of their careers.)

Persons: Victoria Beckham, Salomon de Rothschild, Simon Porte Jacquemus, Anna Wintour, Carine Roitfeld, Louise Trotter, Lacoste, Saint Martins, Seán McGirr, Alexander McQueen, Sarah Burton, Ibrahim Kamara, Virgil Abloh’s, Kristy Sparow, Nina Ricci, Harris Reed —, —, ”, … I’ve, Karl Lagerfeld, Yohji Yamamoto, Charles Worth, “, Harris Reed, Victor Virgile, Stella McCartney, Chloé, Lagerfeld, John Galliano, Dior, Phoebe Philo, Kim Jones, Louis Vuitton, Vivienne Westwood, Paul Smith, Serge Carreira, ” Carreira, Yanshan Zhang, Melody Thomas, Parsons Organizations: CNN, Paris, Paris CNN, PETA, French Vogue, Saint, Givenchy, Louis, Dior, Haute Couture, Fashion, Parsons Paris Locations: Paris, French, British, Carven, Central, London, Great Britain, Europe

☆ China PMI: Factories send mixed signals about the economy, pressing Beijing to do more
▼ + stars: | 2024-03-01 | by ( Laura He | ) edition.cnn.com time to read: +4 min

But the Caixin manufacturing PMI — which focuses on smaller, private companies — rose to 50.9 in February, up from 50.8 in January, according to S&P Global, which compiled the survey. The divergence in the output and new order sub-indexes is likely related to differences in geographic and sector coverage, as the Caixin PMI covers more southern regions, they said. “Overall, the manufacturing sector continued to improve in February,” said Wang Zhe, senior economist at Caixin Insight Group, in a statement that accompanied the Caixin PMI data. “Looking ahead, the focus should be on the effectiveness of the measures [announced previously by Beijing to boost growth],” Wang said. “Fiscal policy will lead the way,” HSBC analysts said Friday.

Persons: ” Goldman Sachs, ”, Wang Zhe, ” Wang, Xi Jinping, Lintao Zhang, “ Organizations: Hong Kong CNN, National Bureau of Statistics, P, National People’s Congress, PMI, Caixin Insight, “, of People, Communist Party’s Politburo, NPC, Xinhua, HSBC Locations: China, Hong Kong, Beijing, Southern China, Guangdong, Zheijang, ” China

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