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China trade outlook darkens as US threatens total tariffs

Bloomberg China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On September 7, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”. While economists see the immediate impact of trade tension ...

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Jack Ma plans to step down from Alibaba on Monday, says NYT

Bloomberg Alibaba Group Holding Ltd. Chairman Jack Ma told the New York Times that he plans to step down from his role at the company on Monday, marking the end of an era at China’s e-commerce juggernaut. China’s richest man said that he would remain on Alibaba’s board of directors as he pursues philanthropic endeavours, the New York Times reported. ...

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Chinese aluminum gushes onto world markets on ‘supply’

Bloomberg China sustained a surge in aluminum shipments to world markets in August as buyers sought supplies from the largest producer to replace metal from United Co. Rusal, which has been hit by US sanctions. Exports of unwrought aluminum and products reached 517,000 metric tons, almost the same as the 520,000 tons in July, which was the highest total in ...

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