Rise of Ant in Shanghai could shrink the West down to size

Chinese mogul Jack Ma’s mindboggling $34 billion IPO for his digital payments system is helping to shift the axis of economic power eastwards

1st November, 2020
Rise of Ant in Shanghai could  shrink the West down to size
Shanghai, where the stock market debut of Ant Group next week will be another milestone in the shift of power from the US to China

Americans will vote on Tuesday to elect – or perhaps re-elect – their president. It is billed as the most important US election in a century. Maybe it is: the choice will reflect the character of the US as much as it will determine whether Washington continues to disengage from the world or starts to rebuild the bridges with its allies and friends that have been burnt by Donald Trump.

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