Month: September 2021

Shortages and spiraling costs hit China’s economy hard

The steam engine of China’s economy contracted unexpectedly last month, indicating that the global recovery from the Covd-19 crisis is faltering. China’s manufacturing purchasing managers index, a closely watched indicator of the health of the country’s economy, hit 49.6 in September, below the 50.1 forecast by analysts. China, like much of the rest of the […]

The Tarnishing of Evergrande’s “Belt Brother” Xu Jiayin chinese economy

In November 2019, the founder of Evergrande, Xu Jiayin, was speaking at the launch of an automotive company, one of the many parallel companies from the second Chinese real estate group. He articulated his philosophy in five parts: fast acquisition, close collaboration, intense networking, large scale and good quality. These guiding principles had by then […]

FEDU shares rise 35% as Chinese education companies overcome regulatory threats

Chinese education stocks have taken a hard hit this summer. The Chinese government is working to stimulate long-term economic growth. In doing so, he potentially seeks to force for-profit educational businesses to become non-profit organizations. This, of course, is killing the industry for investors and as a result stocks have fallen since. Some companies are […]

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