Chinese Stock Surge Surprises Investors: Too Late To Join The Rally?
Chinese equity markets are surging, causing anxiety for investors who have abandoned the market after years of poor returns. Is it time to get back in?
Source: forbes.com
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With China's economic plenum still unscheduled, observers worry politics remain in command
Lack of detail on a crucial economic policy meeting, along with other messaging that indicates emphasis on political cohesion, suggests growth and recovery are still not top of mind for China’s leadership.
Source: scmp.com
China is trying to make its gloomy consumers spend more
China has detailed a series of measures aimed at boosting consumer spending, including subsidies for drivers who trade in older cars for newer models and for rural households who purchase home insulation and renovation materials. The announcement comes as attempts to juice the country's economy have taken on greater urgency following stalling recovery and a lack of consumer confidence.
Source: indiatimes.com
Xi Jinping To Secure Third Term as China Seeks Reforms To Deepen Control
Despite complaints about his management of COVID-19 and the economy, Xi Jinping will receive a third term as China's president at a rubber-stamp parliament this weekend.
Source: hngn.com