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Tag: Slowdown

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...
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...