China To Set 2024 Growth Target At 5%

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🇨🇳 🇨🇳 Reports that China is likely to set 2024 growth target at around 5%. China to run a budget deficit of 3% of gross domestic product in 2024 which is lower than this year’s revised 3.8% target
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Biden Impeachment: Tit For Tat

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🇺🇸 🇺🇸 Republicans in the US Congress have formalized their investigation into impeaching President Joe Biden over his family’s business dealings, a politically charged move that will cast a shadow on the 2024 election. For many conservatives, the effort is fitting retribution for the twin impeachments of Donald Trump, in 2019 and 2021

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Amazon To Use Space Lasers For Internet

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🛰️ 🛰️ Amazon.com Inc., which launched its first internet satellites in October, says it will use space lasers to ensure reliable broadband coverage even in the middle of the ocean

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Intel Unveils New Chips

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🪢🪢 Intel unveiled new computer chips on Thursday, including Gaudi3, a chip for generative AI software. Intel also announced Core Ultra chips, designed for Windows laptops and PCs, and new fifth-generation Xeon server chips. Intel’s server and PC processors include specialized AI parts called NPUs that can be used to run AI programs faster
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China Retail Sales Post Solid Gains

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🇨🇳 🇨🇳 China November industrial output +6.6% y/y (exp +5.6%) Retail Sales +10.1% (exp +7.6%)
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Alphabet Changes Its Maps Tool

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🚨 🚨 Alphabet Inc.’s Google is changing its Maps tool so that the company no longer has access to users’ individual location histories, cutting off its ability to respond to law enforcement warrants that ask for data on everyone who was in the vicinity of a crime
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PBOC Offers Cash Infusion

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🇨🇳 🇨🇳 BREAKING: China’s central bank offered a cash infusion in the financial system for the 13th straight month, extending the longest streak of boosting policy loans since 2018
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China: Foteigners Buy Bank Bonds

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🇨🇳 🇨🇳 Foreigners Buy Bank Bonds: Foreign investor NCD holdings grew 80% in the first 10 months of 2023 to a record high at 290 billion yuan ($40.5 billion). That compares with a 9% drop in their sovereign bond holdings this year, extending a record withdrawal in 2022
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China REITs Get Dumped

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🇨🇳 🇨🇳 China: A CSI gauge of 28 REITs has lost 31% this year, underperforming the benchmark CSI 300 Index by 18 percentage points. All but three of the listed REITs are trading below their debut prices, according to data compiled by Bloomberg
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