The stockmarket market rang out last year in celebratory style, as we explore in the week's charts
in China, despite trade tensions. Most American firms remain committed to China’s huge and growing market. Procter and Gamble says China represents over 30 of its sales growth; more Budweiser is swilled in China than in America. And last month Elon Musk’s Tesla—One sign of Chinese technology companies’ global ambitions was the, announced on December 31st, by Tencent, a Chinese digital giant, of a 10% stake in Universal Music Group from Vivendi, a French conglomerate.
His economy minister says the president, who came to office having extolled the military dictatorship of 1964-85 and disparaging women and gays, has “bad manners, but great principles”. Yet asargues, doubts about Mr Bolsonaro have not been put to rest. On corruption and the environment, Brazil is going backwards.
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