A man works on an electric machine parts at a workshop of an equipment manufacturing company in Weifang, Shandong province, China. Photo: Reuters

China PMI data expected to show manufacturing slumped for third month in a row

  • Manufacturing purchasing managers index seen falling further into negative territory
  • Analysts said Beijing’s stimulus measures are yet to have an impact
Topic |   China economy

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A man works on an electric machine parts at a workshop of an equipment manufacturing company in Weifang, Shandong province, China. Photo: Reuters
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The likes of Walmart, Amazon, Apple and Google are dominating the economy in the United States. Photo: AP

Forget China, the biggest threat to the US economy is the rise of its ‘oligarchs’ and ‘robber barons’

  • A wave of mergers and acquisitions has left sectors like airlines, retail and banking with heavy concentrations of power
  • Denise Hearn, co-author of ‘The Myth of Capitalism: Monopolies and the Death of Competition’ plays down the impact of the US-China trade war.
Topic |   China economy

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The likes of Walmart, Amazon, Apple and Google are dominating the economy in the United States. Photo: AP
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