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Beijing’s economic agenda

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Global pension funds, including major US players, are reducing their exposure to Chinese stocks amid concerns about Beijing’s economic agenda, a prolonged property crisis, and strategic competition with the US.

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Costco opens new Shenzhen store

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SHENZHEN: US retail giant Costco Wholesale has opened a new store in the city of Shenzhen, South China’s Guangdong province, which is the sixth Costco store on the Chinese mainland.

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