logo
China's Top HK Official Says Security Will Ensure City's Success

China's Top HK Official Says Security Will Ensure City's Success

Bloomberg21-06-2025
China's top official for Hong Kong affairs said the city needs to prioritize national security to ensure prosperity.
The China-imposed national security law helped Hong Kong maintain its status as an international financial hub, Xia Baolong, director of the Hong Kong and Macau Affairs Office in Beijing, said Saturday on his third trip to the semi-autonomous city in three years.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Tariffs Leave Costly China Supply Question Unanswered
Trump Tariffs Leave Costly China Supply Question Unanswered

Bloomberg

time18 minutes ago

  • Bloomberg

Trump Tariffs Leave Costly China Supply Question Unanswered

President Donald Trump's recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China's supply chains. Trump unveiled tariffs of 20% for Vietnam and 19% for Indonesia and the Philippines, signaling those are the levels the US will likely settle on for most of Southeast Asia, a region that ships $352 billion worth of goods annually to the US.

China's Premier Takes Aim at AI ‘Monopoly' as US Effort Quickens
China's Premier Takes Aim at AI ‘Monopoly' as US Effort Quickens

Bloomberg

time25 minutes ago

  • Bloomberg

China's Premier Takes Aim at AI ‘Monopoly' as US Effort Quickens

China will spearhead the creation of an international organization to jointly develop AI, the country's premier said, seeking to ensure that world-changing technology doesn't become the province of just a few nations or companies. Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier Li Qiang told the World Artificial Intelligence Conference in Shanghai on Saturday. That means more international exchanges, Beijing's No. 2 official said during China's most important annual technology summit.

Here Is What You Need To Know Before Investing In PDD Holdings Inc. (PDD)
Here Is What You Need To Know Before Investing In PDD Holdings Inc. (PDD)

Yahoo

timean hour ago

  • Yahoo

Here Is What You Need To Know Before Investing In PDD Holdings Inc. (PDD)

PDD Holdings Inc. (NASDAQ:PDD) is among the 13 Best Global Stocks to Buy Right Now. The multinational commerce group owns and operates a portfolio of businesses. Photo by Pascal Bernardon on Unsplash The Temu-owner reported a 10% year-over-year increase in revenue for the first quarter of fiscal 2025. However, net income declined 47%, driven by intense local competition and ongoing global trade uncertainties. MScience analyst Vinci Zhang said the bottom-line miss was a result of weaker-than-anticipated operating margin, likely impacted by U.S. tariffs. Slowing domestic spending and a prolonged property crisis in China have also pressured PDD Holdings Inc. (NASDAQ:PDD)'s Pinduoduo, which generally tends to outperform competitors due to its low-price focus. The Chinese e-commerce giant also made substantial investments in its platform ecosystem to support consumers and merchants. PDD Holdings Inc. (NASDAQ:PDD)'s Chairman and Co-CEO Lei Chen said that while these investments weighed on near-term profitability, they have strengthened the long-term health of the platform. Despite the dip in profitability during the first quarter, the market sentiment on PDD Holdings Inc. (NASDAQ:PDD) remains bullish, with year-to-date returns of 22% as of the close of business on July 22. Wall Street analysts have a consensus Buy rating for the stock, with a one-year average price target of $127, representing a 10% upside potential. While we acknowledge the potential of PDD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds and 13 Best Booming Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store