China stocks post best gains in 2 months as Beijing vows to hit economic targets
SHANGHAI (April 24): China stocks posted their strongest gains in two months on Tuesday as the Communist Party declared its determination to achieve this year's economic targets in the face of rising global trade tensions.
A faltering in exports could push authorities to shift policy from a slight tightening bias to a looser stance, or even a return to their old playbook of growth-boosting measures, economists say.
Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on the New York Stock Exchange. Nio was started in 2014, initially as NextCar, by Bin Li, an entrepreneur who founded online automotive services platform Bitauto. The company is backed by Chinese […]