China Market Update: Pinduoduo Revenues Grow But So Do Expenses, PBOC Cuts Prime Rate, Alibaba HK IPO Pricing, Congress Passes HK Bill

 

China Market Update: Pinduoduo Revenues Grow But So Do Expenses, PBOC Cuts Prime Rate, Alibaba HK IPO Pricing, Congress Passes HK Bill

Private manufacturers are being hurt by the trade war’s tariffs though consumption appears to be quite strong. Hong Kong was weak as investors raise cash for next week’s Alibaba IPO. Let’s address the …

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