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A recent report notes that the Chinese PC market has observed a significant loss in sales during 2023, except for Huawei which experienced 11% growth. Dell suffered the most with a 44% loss in sales.
China's real-estate debt crisis has already taken down property giant Evergrande, which is now undergoing liquidation.
Forex news for Asian trading on Friday, 1 March 2024
Mainland Chinese stocks are on track for their first four-day winning streak since October as measures by the government to prop up the sharemarket gain traction.
The detention of Bao Fan, Chairman and CEO of China Renaissance Holdings, hearkened back to Beijing’s pandemic-era campaign against technology firms, writes Yvette To (City University of Hong Kong).