China policy and markets round-up: Biden talks tough on China, April PMIs miss forecast, Beijing tightens grip on fintech sector,

China Beijing_adobe_575px_30Mar21
By Addison Gong
30 Apr 2021

In this round-up, US president Joe Biden identifies China as a key competitor, both the official manufacturing and services Purchasing Managers’ Index (PMIs) come weaker-than-expected this month, and regulators ask 13 financial technology companies including Tencent Holdings and ByteDance to examine their businesses and fix the problems.

US president Joe Biden identified China as a challenger to the US in his first joint address to the Congress on Wednesday.

Biden, who mentioned China several times in his speech, said the country and some others “are closing in fast”, and that Chinese president Xi Jinping, whom ...

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