China is pushing back against a flurry of US sanctions with new rules that protect its firms from "unjustified" foreign laws. Changes announced over the weekend allow Chinese courts to punish companies that comply with such restrictions. Last week, Mr Trump signed an executive order banning transactions with eight Chinese apps including popular payments platform Alipay, as well as WeChat Pay. The US president claims such tech companies share data with the Chinese government - allegations they have denied.
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Although not addressing Washington specifically, his remarks could be seen as a subtle criticism of US-China tensions. They were his first remarks to an international audience since the inauguration of US President Joe Biden, who had emphasised the need for Western democracies to work together to confront China. He also stressed the importance of strengthening macroeconomic policies to combat the pandemic-induced global economic downturn. We need your support. Dear reader,. Now more than ever we need unbiased, expert information on how and why the European Union functions. This information should not be behind a paywall, and we remain committed to providing our content for free.
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When we look at NIO's price chart, shares are in a nice uptrend, with clear support and resistance levels. Right now, the stock is flirting with its key support area. Take a look:. We have two key support lines in green.
Most of the time, when discussing Asian business, China hogs the limelight. So it is a novelty in the real estate industry that a sluggish Chinese market is allowing some of its regional counterparts to take centre stage. While Hong Kong had a slight increase in volumes in the second quarter, Brunner is uncertain whether it is the start of a sustained bounce back in the market.