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US versus China: the economic model

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via lowyinstitute: With the US–China economic rivalry intensifying and “decoupling” becoming the mantra in Washington, what mindset, or economic model, is behind President Donald Trump’s response to China? Trump is a Republican, but not as we know them. Republicans favour free international trade, markets, and small government. Recall Ronald Regan’s “the …

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Alibaba Sets New Singles Day Record With & 31B In Sales

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via TechCrunch: Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, …

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China Factory Activity Expands, Driving Up Commodity Prices — But Can it be Sustained?

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via ABC : China’s factories have continued their rebound, with activity expanding at a faster than expected pace while new orders have hit a three-year high. The unofficial Caixin manufacturing PMI found firmer foreign demand was a key driver in spurring on new orders, with export sales accelerating at their fastest …

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China’s economic growth remains stable at 6.9% in the second quarter

china-economy

Via CNN Money : China’s economy is holding steady. The country’s gross domestic product grew 6.9% in the second quarter, according to government data released Monday, the same figure as the previous quarter and marginally higher than most forecasts. The latest numbers position the economy above Beijing’s stated growth target for …

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