Jerome H. Powell, the Federal Reserve chair, on Wednesday. “It’s very premature to try to make any kind of conclusion” about policies in the next administration, he said.
Faced with a faltering economy and falling prices, the Politburo loosened the policy approach of China’s central bank and called for “extraordinary” measures.
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
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