Alibaba Profits Surge as China's Recovery Continues

[beijingwalker]

Alibaba Profits Surge as China's Recovery Continues​

February 24th, 2023, 5:29 AM GMT+0800

Alibaba posted its first profit growth since 2020 as it reined in spending and cut jobs. Profits surged 69%/ Bloomberg's Katie Greifeld reports. (Source: Bloomberg)

 

[Stranagor]

China Set to Overhaul Financial System Giving Xi More Control

Powerful financial committee likely to be revived, people say

Xi may appoint allies to finance committee, PBOC roles

China Set to Overhaul Financial System Giving Xi More Control

Chinese President Xi Jinping is set to bring decision-making of the financial system further under his control with the likely revival of a powerful committee to coordinate financial policy and the possible appointment of a key ally in a top position at the central bank.

www.bloomberg.com