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China’s Stock Fund Issuance Drops as Fixed Income Back in Favor

(Bloomberg) -- Chinese investors’ appetite for stock-focused mutual funds waned in December as the autumn equity rally sputtered and bonds once again gained attraction.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024While the total amount raised by equity products still exceeded that of fixed income products this month, bond funds grew rapidly, notching their largest monthly figure for the year so far. That’s come as relatively safe bond-focused funds regain f

China’s Top Stock of 2024 Eyes Boost From AI Self-Reliance

(Bloomberg) -- China’s top-performing stock of 2024 is expected to see additional tailwinds into next year from the nation’s drive for greater self-sufficiency in artificial intelligence.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Shares of AI chip designer Cambricon Technologies Corp. have climbed 383% this year, topping the benchmark CSI 300 Index and driving its market value to $37 billion. The Shanghai-listed stock has even outpaced global AI chip lead

US Economy Surprised Again in 2024 Despite Fed, Election Drama

(Bloomberg) -- Over the last few years, the US economy has consistently defied expectations for a slowdown, and 2024 was no different. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid this year. The US is set to be the top performer among Group of Seven countries, according to International Monetary Fund projections. Still, the