by Martin Armstrong
Armstrong Economics
ASIA:
China has proposed new regulations aimed at curbing the power of its biggest internet companies. The new rules could affect homegrown tech giants like Alibaba, Ant Group, and Tencent, as well as food delivery platform Meituan. Chinese tech shares were sharply lower after the proposed regulations were released on Tuesday.
The ongoing India-China border conflict may be resolved soon as the armies of the two countries have agreed for disengagement from parts of the Eastern Ladakh sector under which they would be moving back to their respective positions before April-May timeframe earlier this year. As per the discussions, the disengagement of tanks and armored personnel carriers was to be carried out within one day.