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Media Report
September 14 , 2015
  • The Wall Street Journal reports, "A massive selloff in August had already left many stock benchmarks in the region off more than 10% from recent peaks. And while markets found sturdier footing last week-shares in Shanghai, Hong Kong and Japan rebounded after a number of down weeks in a row-volatility was returning to Chinese domestic shares, a pressure point for neighboring markets. On Sunday, data showed China's factory output and fixed-asset investment were both weaker than expected in August, underlining challenges Beijing faces in pushing the economy to reach its full-year economic-growth target of about 7%."
  • "The border is the digital one that divides China from the rest of the world. It is laden with inefficiencies and a series of filters known as the Great Firewall, which slows Internet traffic to a crawl as it travels into and out of China. Now, a partnership between an American start-up and a Chinese Internet behemoth has created a sort of fast lane to speed traffic across the border. In the process, the two companies are establishing a novel business model with implications for other American technology firms looking to do business in China's politically sensitive tech industry," The New York Times reports.
  • Reuters writes, "Brent crude oil fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude. Traders also waited to see whether the U.S. central bank raises interest rates for the first time in nearly a decade later this week. Should interest rates rise, analysts expect oil to fall as a stronger dollar would undermine demand from importing countries. Oil prices have fallen almost 60 percent since June 2014 on the largest global surplus in modern times and concerns about a slowing Chinese economy."
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