Keep faith in China, Li Qiang tells business at ‘Summer Davos' [Yahoo! Finance]
Novo Nordisk A/S (NVO)
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Source: Yahoo! Finance
First in a speech and then in private with a smaller group of executives, Li Qiang insisted that a recovery in the world's second-largest economy was on track despite investors' misgivings. Even the country's real estate market downturn, characterised by falling prices and an overhang of millions of unsold apartments, was on the mend, Li told the closed door event with foreign and local business leaders. The premier said participants “should be confident about China's economy”, said one person who attended the private gathering. In the past, such a sentiment would have been an easy sell at the WEF 's China conference. Held in a giant purpose-built conference centre with a lobby the size of four football fields, the “Annual Meeting of the New Champions” was once a magnet for the global business elite. One US executive recalled corporate jets fighting for space at the city's airport in pre-pandemic years. This year's summit drew 1,600 attendees, a slightly bigger crowd than in
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Earnings
- 5/3/24 - Beat
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Sec Filings
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- 6/24/24 - Form 6-K
- 6/21/24 - Form 11-K
- NVO's page on the SEC website