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Chinese technology, media and telecommunication companies' move to file for IPOs in Hong Kong and US capital markets may fall due to uncertainties — including declining global growth projections for 2019, and China-US trade tensions, said Gao Jianbin, PwC China's TMT leader.
Christopher Bovis, professor of international business law at the University of Hull in the United Kingdom, noticed that as the US administration has maintained a US-centric trade policy with protectionist and nationalistic features, it has departed from the principle of free trade and embarked upon a series of trade wars with its major partners across the world, including China.
Chinese stocks plunged on Tuesday on fears related to the rapidly escalating trade tensions between Washington and Beijing, but economists said investors were overreacting as the impact of the trade war will likely be limited and China will maintain steady and healthy economic growth.
Chinese small and medium-sized enterprises have contributed nearly 80 percent of jobs in cities and towns, although some debt defaults emerged this year. Banks became more risk averse with the deleveraging process and have restricted lending, under liquidity pressure, to small businesses.
Chuang Shuk-kwan, head of the Communicable Disease Branch at the Centre for Health Protection, told a daily press briefing on Thursday that they're investigating whether transmission of the virus had occurred at one of the city's most popular nightlife spots.
来源：资阳报