There is an opportunity for a “big deal” between the US and China on trade, America’s Treasury Secretary Scott Bessent has said. Asked about an upcoming meeting between the countries, Bessent said it would be an “incredible opportunity” to strike an agreement, if China was “serious” on making its economy less dependent on manufacturing exports….
China is poised for economic stimulus and major structural changes that will set corporates up for strong returns, according to Andrew Swan, head of Asia equities at Man Group. “The sentiment around the China market obviously has been pretty poor, not just recently, but for some time now. I think investors are ignoring some of…
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see…
