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Didi U.S. Exit Adds to Pressure on China Valuations

(Bloomberg) — Chinese technology shares already sell at a discount to their U.S. peers, in part because of Beijing’s regulatory crackdowns. That gap may get wider if more companies follow Didi Global Inc.’s lead and abandon their New York stock listings.Most Read from Bloomberg The Hot New Trend For Hedge Funds Is—Finally—Female Founders Automating the…

China’s communists bash US democracy before Biden summit

BEIJING — China’s Communist Party took American democracy to task on Saturday, sharply criticizing a global democracy summit being hosted by President Joe Biden next week and extolling the virtues of its governing system.Party officials questioned how a polarized country that botched its response to COVID-19 could lecture others, and said that efforts to force…