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What does China’s property collapse mean for its future?

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China has long used its property sector as a wealth building tool. Now the shakiness of the sector casts doubts over the country’s future.

 
Even after signs of recovery earlier this year, China’s massive property sector is still struggling to turn around.

Following a crackdown on debt levels in August 2020, Beijing has eased its pressure on real estate developers in the last year. Moody’s estimates that the property sector accounts for more than a quarter of China’s economy.

This is amid lingering concerns over the future of one of the country’s largest property developers, Evergrande Group.

The Chinese government decided roughly four years ago to modernise its economy, said Andrew Sullivan, founder and writer at Asian Market Sense, by moving capital out of the property sector and moving it into high-value manufacturing, he added.

However, it is facing hurdles on the path to achieving that.

“China is also being hamstrung by the fact the Americans won’t let the most recent technology go into China,” Sullivan said.

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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