PDD Aug 2024 65.000 call
- Investor's Business Daily
Dow Jones Futures Rise With Federal Reserve, CPI Inflation Due; EU Hikes Tariffs On Chinese EVs
The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs.
- Reuters
China's discount wars risk cementing frugal consumer mindset
SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
- Investor's Business Daily
Best China Stocks: Tesla Rival Leads Five Stocks Near Buy Points
The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and e-commerce leader PDD Holdings.
