One of the benefits of China shifting its economy away from traditional manufacturing is that the country’s economic growth will be less reliant on borrowing, an economist said on Monday. “[China is] trying to boost growth of the new economy, as the new economy is less credit intensive. That’s also helping deleveraging efforts in China,” […]
Read moreBeijing’s push to transition its economy has led to the country moving on from simply being known as the world’s factory, according to a top executive at Swiss bank UBS. “A lot of things are being created now in China, rather than [it just] being a manufacturing hub,” Kathryn Shih, president of UBS Asia Pacific, […]
Read moreThe Chinese government’s efforts to cool the property sector may finally pay off in 2018, with UBS forecasting zero growth in real estate transactions for the entire year. Real estate purchases slowed in the second half of last year after authorities intensified crackdowns on speculative buying. Soaring demand for properties and a rapid build-up in […]
Read moreApple shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said. Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest public pension […]
Read moreTwo thirds of people who use digital voice assistants like the Amazon Echo or Google Home use their smartphones less often, according to a new survey published by tech consultancy Accenture. The results suggest that the next big wave of consumer technology will be centered around these digital assistants, and may spell trouble for smartphone […]
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