Goldman halts ‘growth at all costs’ China strategy

“Today, it’s a more conservative approach [in China] and we’ve probably pared back some of our financial resources there, simply because there’s more uncertainty,” he added.

Earlier this month, China’s President, Xi Jinping, met US counterpart Joe Biden in San Francisco in an attempt to reset bilateral relations, after which China’s leader received a standing ovation at a dinner with US chief executives.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.