The vitriol dominating public discourse in the run-up to US presidential elections may be aggravating divisions among Americans, and is also wearing down a key advantage the country has over Chinese leader Xi Jinping: soft power. Generations of young Chinese grew up admiring Disney films and iPhones but the affinity is now fading, according to…
Hi, I’m Rebecca Choong Wilkins in Hong Kong, where — like everyone else — I’m trying to figure out just how much support Chinese President Xi Jinping will roll out for the beleaguered economy. The secret to answering that question might lie with a dissident in Canada and his cat. Source link
Who would the Chinese President Xi Jinping prefer as his next counterpart in the White House? The world’s second-largest economy is repeatedly cited as America’s greatest strategic challenge. Regardless of who wins the election next week, that won’t change. China should anticipate a tougher political climate ahead. Beijing is watching closely to see how the…
Goldman Sachs Group Inc. strategists expect Chinese stocks to rise in the two to three months following the US presidential election, although they warn there may be a kneejerk reaction if former President Donald Trump wins. “China equities did not sell off in the past two weeks amid Trump risk repricing, which is indicative of…
Chinese President Xi Jinping reiterated a call to achieve the country’s annual economic target, signaling a growing sense of urgency ahead of a key legislative meeting expected to approve new fiscal support for the world’s No. 2 economy. The Chinese leader told senior party officials on Tuesday to fully implement a package of existing and…
This is the second episode of Citizen Elon, a miniseries within the Elon, Inc.podcast. Listen to the first episode and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Elon Musk announced his support for Donald Trump on July 13, minutes after the attempt on Trump’s life at a rally in Pennsylvania. Since then, the…
As anxiety and anticipation build ahead of the Nov. 5 presidential election, political bettors are setting aside emotion and hunting for ways to profit off the mixed signals being sent by polls and prediction markets. While traditional voter surveys show a toss-up race, prediction markets have swung hard toward Donald Trump in recent days, pushing…
Japan risks entering a renewed phase of policy stasis just as the world prepares for the possible return of Donald Trump to the White House — and the pressure that would bring on key US allies. An election on Sunday left Japan without a clear winner for the first time since the 1990s, all but…
Most Asian shares were set to follow Wall Street higher as traders prepare for the US election and key economic data that will set the stage for the next Federal Reserve decision. Japan stocks may tread water as traders assess the political outlook. Source link
A November victory for Donald Trump would be more beneficial for investors holding stocks and Bitcoin relative to his Democratic opponent, while a Kamala Harris presidency would bring slightly more relief to housing costs, according to the latest Bloomberg survey. The stock market, up about 22% so far in 2024, is more likely to pick…