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In today’s Daily Brief, we'll be looking at the latest economic data out of China.
"China reported a jump in consumer spending, investment, and industrial output for the first two months of the year – a long-awaited sign that the dropping of Covid restrictions is feeding through to the economy."
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Tesla’s price war in China isn’t working, while Micron predicted a brighter future but profit looks pretty gloomy in the meantime.
Goldman predicted that AI could affect 300 million jobs in the world’s biggest economies, while Alibaba announced that it’s splitting its empire six ways.
Saudi Aramco has made big waves in China’s oil sector, while shaky markets have given firms cold feet about going public.
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