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Rout in China Tech Shares Is a Buying Opportunity for Some

Rout in China Tech Shares Is a Buying Opportunity for Some
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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China's corporate earnings set for biggest jump in a decade

A surge in corporate profits in China may just be the positive catalyst global stock markets need as rising bond yields threaten to derail the rally in equities. Having powered its way out of the coronavirus lockdown to become the only major economy in the world to grow last year, China is also seen taking the lead on earnings recovery from the pandemic. ....

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Premier Li's Annual Briefing; Hong Kong Overhaul: NPC Update

China to Focus on Creating Jobs; Hong Kong Overhaul: NPC Update
Bloomberg
3/11/2021
(Bloomberg)
China’s biggest political gathering of the year came to a close Thursday, with the National People’s Congress approving to overhaul Hong Kong’s electoral system and Premier Li Keqiang vowing to focus on creating jobs.
This year’s NPC gathering condensed into half its usual two-week length due to coronavirus restrictions showcased President Xi Jinping’s confidence after China emerged from the pandemic as the only major economy to expand in 2020. Over the past week, the government has laid out ambitious plans to overtake the U.S. in research-and-development investment and shift its capital-intensive growth model toward services and consumer spending. ....

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Jack Ma's video chat prompts a $58 billion sigh of relief

“There’s still a lot of uncertainty on regulators’ next moves, but this does mean the status of Jack Ma is much better than a lot of people speculated,” said Fang Kecheng, a professor at the Chinese University of Hong Kong.
Ma’s talk focused on philanthropic issues including the importance of narrowing income disparities and reviving China’s countryside, two big priorities for Xi Jinping’s Communist Party. While far from a mea culpa, the comments offered a stark contrast to Ma’s last public remarks in October, when the billionaire launched into an unusually strong rebuke of Chinese regulators and state-owned banks. ....

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Now you see him: Jack Ma surfaces, giving Alibaba a $58bn boost

Now you see him: Jack Ma surfaces, giving Alibaba a $58bn boost
aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.

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