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Tag: Bloomberg

China remains \”irreplaceable,\” says JPMorgan Asset Management

wangxiao03/12/20240

NEW YORK, March 12 (Xinhua) — JPMorgan Chase & Co. plans to sustain its hiring efforts in China to expand its asset management business in the world\’s second-largest economy, Bloomberg reported Frida

Apple to unveil new Shanghai store amid declining iPhone sales in China: Bloomberg

wangxiao03/12/20240

BEIJING, March 12 (Xinhua) — Apple Inc. gears up to unveil its eighth store in Shanghai this month, augmenting its expansive network, second only to the United States against the backdrop of decelera

McDonald\’s seeks to expand in lower-tier cities in China

wangxiao02/26/20240

BEIJING, Feb. 7 (Xinhua) — Global fast food chain McDonald\’s seeks to continue its expansion and plans to open 1,000 restaurants in China in 2024, according to Bloomberg News.
That will account for n

U.S. companies in China more upbeat about business environment, ties, survey says

wangxiao02/02/20240

NEW YORK, Feb. 2 (Xinhua) — U.S. businesses in China are increasingly optimistic about China\’s business environment and bilateral relations, media reports said Thursday.
\”Some 40 percent of survey re

China to promote innovation, opening-up, offer more opportunities to world: Chinese vice president

wangxiao12/27/20230

SINGAPORE, Nov. 8 (Xinhua) — Chinese Vice President Han Zheng said Wednesday that China will continue to promote innovation to drive world economic recovery, seek cooperation through opening-up, and

Chinese VP to attend the 6th Bloomberg New Economy Forum, visit Singapore and Malaysia

wangxiao12/27/20230

BEIJING, Nov. 3 (Xinhua) — At the invitation of the hosts, Chinese Vice President Han Zheng will attend the sixth Bloomberg New Economy Forum in Singapore and visit Singapore and Malaysia from Nov. 7

ECB rate hikes might knock 3.8 pct off euro area economy: analysis

wangxiao08/08/20230

This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. (Xinhua/Zhang Fan)
Given that governments in eurozone have or will opt out of the supportive measures which were put into p

US set to borrow more despite credit rating downgrade by Fitch

wangxiao08/04/20230

The US Department of Treasury on Wednesday announced an increase in the issuance of longer-term bonds in the coming months, reflecting the growing borrowing needs of the US government while the federa

Black workers in U.S. account for 90 pct of recent rise in unemployment: Bloomberg

wangxiao07/12/20230

NEW YORK, July 11 (Xinhua) — The unemployment rate for African Americans jumped for a second straight month in June as workers left the workforce amid early signs of a cooling labor market in the Uni

Close to 190 U.S. banks could collapse: USA Today

wangxiao05/05/20230

People walk past a branch of First Republic Bank in New York, the United States, on May 1, 2023. (Photo by Michael Nagle/Xinhua)
\”So, our calculations suggest these banks are certainly at a potential

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