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Search resuls for: "China Growth"


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☆ World Bank Cuts China Growth Forecast as Covid-19, Real-Estate Crunch Take Toll
  + stars: | 2022-09-27 | by ( Jason Douglas | ) www.wsj.com   time to read: 1 min
SINGAPORE—The World Bank said it expects developing economies in East Asia to grow faster than China this year for the first time since 1990, as the world’s second-largest economy struggles with a real-estate crunch and the government’s zero-tolerance approach to Covid-19. The Washington, D.C.-based lender cut its forecast for Chinese growth this year but said it expects growth among 22 neighboring economies to more than double in 2022 compared with the pace they notched last year, as countries benefit from dismantling most Covid-19 restrictions and a revival in tourism.
☆ RBC says buy Nike, the '100lb gorilla in sportswear' as stock is poised to surge 27%
  + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
The firm on Thursday initiated coverage of Nike with a buy rating and a $125 price target, implying a 27% upside to shares. Nike has also stayed one step ahead of its competition through digital and direct to consumer growth. "Nike Digital generated $11bn revenues in FY22 (almost 60% of DTC), of which half are derived from its app suite." China growth In addition, as China comes back online following prolonged Covid-lockdowns, there are green shoots for Nike in the region. If margins in China recover to their peak of 38%, RBC sees mid-single digit earnings upside for Nike.
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