What’s going on? China announced plans to separate Alipay (payment app with more than 1 bil users). What does this mean? Alipay is considered the go-to platform for everything, from ordering food to processing payment. Its profitable lending business helped issue 10% of all China’s non-mortgage loans in 2020. Meanwhile, the Chinese government has been looking to…
Tag: central bank
Ep 166: The US added fewer jobs than expected in September and what it might imply
What’s going on? The US added just 235,000 new jobs in August – far fewer than even economists’ lowest forecast of 400,000 What does this mean? There might be two mitigating factors: The survey was taken in mid-August, when Delta variant fears were probably at their highest. Managers might’ve paused hiring to manage a demand…
with HT 