News
The Chinese short video app TikTok has been downloaded three billion times globally. So far, only apps owned by Facebook have been able to reach such high figures. An IPO of its parent company ByteDance is rumored but has not yet been publicly confirmed. However, the competition is not waiting on the sideline. TikTok's biggest competitor is Kuaishou, which has been listed in Hong Kong since February.
By Frank Sieren
Instead of six percent, China's economy could grow by over eight percent this year. But exports are unlikely to drive growth as strongly as last year. Private households are not expected to provide an immense growth boost either. To compensate for the lack of aggregate demand, the central bank will have to put more money into infrastructure.
By Redaktion Table