Wednesday, August 10, 2022
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Chinese companies are going global as growth slows at home

Miniso opened its first flagship store in New York City's SoHo in February 2022.MinisoBEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.Take Miniso, a Guangdong-based seller of toys and household products. Sometimes called China's Muji, Miniso opened a flagship

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Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over

The recent tech rally may be doomed.Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it's a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names."The two certainties in this world of uncertainty today is

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Stocks making the biggest moves premarket: Kohl’s, Micron, Apple and more

Check out the companies making headlines before the bell:Kohl's (KSS) – Kohl's tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl's said the deteriorating retail and financial environment presented significant

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China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

China's exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export.Si Wei | Visual China Group | Getty ImagesBEIJING — Chinese businesses ranging from services to

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China cuts quarantine time for international travelers in big step toward easing Covid controls

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations.Leo Ramirez | Afp | Getty ImagesBEIJING — China cut the quarantine

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China’s Xi says trade with Russia expected to hit new records in the coming months

Chinese President Xi Jinping spoke Friday via video at the St. Petersburg International Economic Forum's plenary session, which Russian President Vladimir Putin opened with a speech over an hour long. This picture is from Putin's visit to Beijing in early February 2022.Alexei Druzhinin | AFP | Getty ImagesBEIJING —

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Stocks making the biggest moves premarket: JD.com, Roku, Alibaba and more

Check out the companies making headlines before the bell:Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although

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China’s property troubles have pushed one debt indicator above levels seen in the financial crisis

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai'an City in Jiangsu province in east China.CFOTO |

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Most factories in Shanghai resume work as Covid controls ease, ministry says

German automaker Volkswagen is one of state-owned automaker SAIC's foreign partners in China. Pictured here on June 7, 2022, is the joint venture's factory in Shanghai.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Factories in two of China's Covid-hit economic hubs have mostly resumed work as the impact of

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