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The Mainland China share market finished session lower on Thursday, 06 May 2021, after the long Labor Day holiday, on concerns over strained relations with Australia after China s National Development and Reform Commission (NDRC) indefinitely suspended all activity under a China-Australia Strategic Economic Dialogue. Rising geopolitical tensions between China and some western countries are also weighing on the market, with the European Union increasingly taking a tougher stance on Beijing.
At closing bell, the benchmark Shanghai Composite Index was down 0.16%, or 5.57 points, to 3,441.28. The Shenzhen Composite Index, which tracks stocks on China s second exchange, fell 0.97%, or 22.35 points, to 2,276.58. The blue-chip CSI300 index dropped 1.22%, or 62.36 points, to 5,061.13. China s financial markets closed from Monday to Wednesday for the Labor Day holidays.
Where to Invest $100,000 In Asia Right Now
May 06 2021, 2:27 PM
May 06 2021, 2:27 PM
May 06 2021, 2:27 PM
(Bloomberg) Itâs all relative.
(Bloomberg) Itâs all relative.
In the U.S. â a nation trying to recover from the economic devastation of the Covid-19 pandemic â a growth rate of 6.4% sounds pretty good. But thatâs until you see the International Monetary Fund forecasts for China and other Asian economies in 2021.
Chinaâs economy is expected to close the year with an 8.4% growth rate. And in India, the economy could expand by 12.5% this year, the IMF estimated in an April report, though that was before the recent surge in Covid-19 cases that has left the country battling the worldâs worst coronavirus crisis.
CX Daily: Audio Apps Rise in China, as Beijing Listens In
Audio /
Audio apps rise in China, as Beijing listens in
The brief rise and fall of U.S. audio drop-in app Clubhouse in China reflects the country’s big potential, but also the unique challenges facing audio-app makers seeking to tap it.
Back in February, the original Clubhouse which lets users chat on topics in real time using ad hoc online groups became an overnight sensation in the world’s largest internet market and quickly spawned a generation of
China’s online audio consumers already outnumber the populations of most countries, and the number is expected to keep growing strongly, according to
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