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Tag: Slowdown

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Hit by ‘Zero-COVID’ Policies, Chinese Manufacturing Crawls to Slowest Since Start of Pandemic
China’s manufacturing sector slowed to its weakest in almost two years as the country’s stringent “Zero-COVID” measures forced many factories into shutdowns and entire cities into full lockdowns. In its drive to completely eradicate the...
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Alibaba Shares Plunge After Company Warns of Potential Slowdown
Shares of Chinese tech giant Alibaba have taken a hit after it reported a dismal performance for the quarter ending in September. The company’s net income declined by 87 percent year-on-year to 3.4 billion yuan...