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001122334455554433221100

UBS Navigates Challenges in China's Evolving Political and Economic Landscape

UBS faces challenges in China due to Xi Jinping's policies promoting "universal prosperity," which discourage high executive salaries and wealth concentration. The sluggish economy, exacerbated by a real estate crisis, has led wealthy clients to shift assets abroad, complicating UBS's operations. The bank hopes for a gradual economic stimulus from the Chinese government to stabilize the market and boost private consumption.
Neue Zürcher Zeitung
Japanese Yen Hong Kong Dollar United States Dollar Chinese Yuan Credit Suisse High Yield Bond Fund, Inc. USA CHN JPN CHE Xi Jinping Donald Trump Hu Yaobang Kubra Khan Janice Hu Paul Donovan Show more
Finance & Economy, News Article
06:30 18.12.2024
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