The world’s third-richest man said the mainland’s “One Belt, One Road” initiative has been blocked in many countries and global ambitions are being challenged. The crisis in the mainland’s property market is comparable to Japan’s “lost decade” in the 1990s.
“I expect all of these economies to gradually adjust and then pick up, but this time it looks a lot more difficult,” Adani said.
other reports
Chuangxingzeng 6-month fixed deposit of 3.1% from 100,000 yuan
Nguyen Quoc Hang: Recession risk increases, credit risk rises
Hang Seng Index fell 189 points in half a day, hit another 11-year low, Link R&D fell 3.6%
Chen Maobo: Studying to increase RMB liquidity or push RMB-denominated investment
The three major indexes of Shanghai and Shenzhen rose 0.26% in half a day