The Chinese retailer, with about $16 billion in goods sold in its first full year, faces bipartisan efforts to close a U.S. trade loophole that’s been key to its rise.
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A meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy deliberations; China activity data will also be released.
It is a huge week for major central bank policy announcements, where downshifts are expected from the Fed, ECB, BoE, SNB. Heading into the announcements, US CPI will help shape expectations.