Alibaba Group has staged an astonishing comeback, adding over $100 billion to its valuation as its U.S.-listed shares quietly surged nearly 60% this year. Once under heavy regulatory pressure and facing intense competition, Alibaba is now reemerging as a dominant force, fueled by a renewed artificial intelligence (AI) push and the return of its visionary co-founder, Jack Ma.
The recent imposition of tariffs by the Trump administration on imports from Canada, Mexico, and China has reignited concerns about the potential economic impacts of such trade policies.
As we move through the second half of 2023, the global stock markets seem to be caught in a difficult situation. With the U.S. Federal Reserve’s unwavering stance on high interest rates and China’s faltering economic indicators, investors are sailing through choppy waters.
In recent developments, the robustness of China’s shadow banking industry has come under scrutiny as one of its largest private wealth managers and real estate developers, Zhongzhi Enterprise Group Co., has defaulted on payments for several high-yield products. With assets totaling 1 trillion yuan ($138 billion), the impact of this misstep is sending ripples throughout the financial sector.
In recent times, there have been fascinating developments as China intensifies its efforts to challenge the dollar and establish the yuan as a global currency, also known as the PetroYuan. This shift in power dynamics is marked by several significant events that we will explore in this analysis.
Source: Dreamstime | Author: DeltaStock
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The global automation company, mostly known for making robots and automated guided vehicles, posted a record-setting fiscal year as the effects of the pandemic start to gradually recede and businesses across the world once more have sufficient budgets to either semi-automate or fully automate their line of work.