<\/p>\n
Theo Reuters, c\u1ed7 m\u00e1y t\u00ecm ki\u1ebfm Baidu v\u1eeba ghi nh\u1eadn qu\u00fd thua l\u1ed7 \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb khi ni\u00eam y\u1ebft n\u0103m 2015. M\u1ed9t \u00f4ng l\u1edbn c\u00f4ng ngh\u1ec7 kh\u00e1c l\u00e0 Tencent c\u0169ng v\u1eeba c\u00f3 1 qu\u00fd m\u00e0 doanh thu t\u0103ng tr\u01b0\u1edfng th\u1ea5p k\u1ef7 l\u1ee5c (16%) d\u00f9 2 m\u1ea3ng fintech v\u00e0 c\u00f4ng ngh\u1ec7 \u0111\u00e1m m\u00e2y kh\u1edfi s\u1eafc. Trong khi \u0111\u00f3 Alibaba tuy t\u0103ng tr\u01b0\u1edfng v\u1eefng ch\u00e3i (doanh thu n\u0103m t\u00e0i kh\u00f3a 2019 t\u0103ng 39%) nh\u01b0ng v\u1eabn l\u00e0 th\u1ea5p h\u01a1n d\u1ef1 b\u00e1o.<\/p>\n
Kh\u00f4ng ch\u1ec9 c\u00f3 v\u1eady, s\u1ed1 li\u1ec7u \u0111\u01b0\u1ee3c T\u1ed5ng c\u1ee5c th\u1ed1ng k\u00ea n\u01b0\u1edbc n\u00e0y c\u00f4ng b\u1ed1 h\u00f4m \u0111\u1ea7u tu\u1ea7n cho th\u1ea5y s\u1ea3n l\u01b0\u1ee3ng c\u00f4ng nghi\u1ec7p s\u1ee5t gi\u1ea3m 3,4% trong 4 th\u00e1ng \u0111\u1ea7u n\u0103m.<\/p>\n
K\u1ec3 t\u1eeb m\u00f9a h\u00e8 n\u0103m ngo\u00e1i, Ch\u00ednh ph\u1ee7 Trung Qu\u1ed1c \u0111\u00e3 th\u00f4ng b\u00e1o m\u1ed9t lo\u1ea1t bi\u1ec7n ph\u00e1p \u0111\u1ec3 k\u00edch th\u00edch t\u0103ng tr\u01b0\u1edfng. M\u1eb7c d\u00f9 nh\u1eefng bi\u1ec7n ph\u00e1p n\u00e0y gi\u00fap t\u00ecnh h\u00ecnh kh\u00f4ng tr\u1edf n\u00ean qu\u00e1 x\u1ea5u, gi\u1edbi ph\u00e2n t\u00edch ho\u00e0i nghi li\u1ec7u ch\u00fang c\u00f3 \u0111\u1ee7 m\u1ea1nh \u0111\u1ec3 gi\u00fap n\u1ec1n kinh t\u1ebf t\u0103ng t\u1ed1c hay kh\u00f4ng. Kinh t\u1ebf Trung Qu\u1ed1c \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u v\u1ea5n \u0111\u1ec1 n\u1ed9i t\u1ea1i ch\u01b0a th\u1ec3 gi\u1ea3i quy\u1ebft trong m\u1ed9t s\u1edbm m\u1ed9t chi\u1ec1u, ch\u01b0a k\u1ec3 \u0111\u1ebfn \u00e1p l\u1ef1c ng\u00e0y c\u00e0ng gia t\u0103ng t\u1eeb ph\u00eda \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i l\u1edbn nh\u1ea5t l\u00e0 M\u1ef9.<\/p>\n
Trong b\u00e1o c\u00e1o \u0111\u00e1nh gi\u00e1 c\u00e1c c\u00f4ng ty trong ch\u1ec9 s\u1ed1 MSCI China Index, Morgan Stanley nh\u1eadn \u0111\u1ecbnh m\u1eb7c d\u00f9 m\u1ed9t s\u1ed1 c\u00f4ng ty c\u00f3 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd t\u1ed1t h\u01a1n d\u1ef1 \u0111o\u00e1n l\u1ea7n \u0111\u1ea7u ti\u00ean trong \u00edt nh\u1ea5t l\u00e0 12 th\u00e1ng, t\u00e2m l\u00fd chung l\u00e0 r\u1ea5t th\u1eadn tr\u1ecdng trong b\u1ed1i c\u1ea3nh c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i M\u1ef9 – Trung leo thang v\u00e0 c\u00e1c s\u1ed1 li\u1ec7u v\u0129 m\u00f4 th\u00e1ng 4 y\u1ebfu \u1edbt.<\/p>\n
Th\u00e1ch th\u1ee9c \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n<\/b><\/p>\n
M\u1ed9t trong nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c B\u1eafc Kinh s\u1eed d\u1ee5ng \u0111\u1ec3 th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng l\u00e0 gi\u00fap c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n d\u1ec5 d\u00e0ng ti\u1ebfp c\u1eadn ngu\u1ed3n v\u1ed1n h\u01a1n. Doanh nghi\u1ec7p t\u01b0 nh\u00e2n l\u00e0 \u0111\u1ed9ng l\u1ef1c ch\u00ednh c\u1ee7a n\u1ec1n kinh t\u1ebf khi \u0111\u00f3ng g\u00f3p t\u1edbi 90% s\u1ed1 vi\u1ec7c l\u00e0m m\u1edbi v\u00e0 70% c\u00e1c c\u1ea3i ti\u1ebfn c\u00f4ng ngh\u1ec7 v\u00e0 s\u1ea3n ph\u1ea9m m\u1edbi. \u0110\u1ed1i v\u1edbi \u0111\u1ea5t n\u01b0\u1edbc 1 \u0111\u1ea3ng nh\u01b0 Trung Qu\u1ed1c th\u00ec duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh x\u00e3 h\u1ed9i c\u00e0ng tr\u1edf n\u00ean quan tr\u1ecdng.<\/p>\n
V\u00ec c\u00e1c ng\u00e2n h\u00e0ng l\u1edbn nh\u1ea5t Trung Qu\u1ed1c \u0111\u1ec1u thu\u1ed9c s\u1edf h\u1eefu c\u1ee7a nh\u00e0 n\u01b0\u1edbc, h\u1ecd th\u00edch cho c\u00e1c doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc vay h\u01a1n. Do \u0111\u00f3 c\u00e1c c\u00f4ng ty t\u01b0 nh\u00e2n bu\u1ed9c ph\u1ea3i t\u00ecm \u0111\u1ebfn c\u00e1c ngu\u1ed3n v\u1ed1n \u00edt minh b\u1ea1ch h\u01a1n. Chi\u1ebfn d\u1ecbch d\u1eb9p b\u1ecf h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng ng\u1ea7m m\u00e0 Trung Qu\u1ed1c tri\u1ec3n khai \u0111\u1ea7u n\u0103m ngo\u00e1i c\u00f3 m\u1ee5c \u0111\u00edch t\u1ed1t \u0111\u1eb9p l\u00e0 h\u1ea1n ch\u1ebf bong b\u00f3ng n\u1ee3 ph\u00ecnh to nh\u01b0ng l\u1ea1i c\u00f3 t\u00e1c d\u1ee5ng ph\u1ee5 l\u00e0 khi\u1ebfn c\u00e1c doanh nghi\u1ec7p nh\u1ecf g\u1eb7p kh\u00f3.<\/p>\n
Tuy nhi\u00ean ngay t\u1eeb tr\u01b0\u1edbc \u0111\u00f3 h\u1ecd \u0111\u00e3 c\u00f3 qu\u00e3ng th\u1eddi gian t\u01b0\u01a1ng \u0111\u1ed1i kh\u00f3 kh\u0103n. Trung b\u00ecnh c\u00e1c doanh nghi\u1ec7p nh\u1ecf v\u00e0 v\u1eeba \u1edf Trung Qu\u1ed1c ch\u1ec9 c\u00f3 v\u00f2ng \u0111\u1eddi 2,9 n\u0103m, so v\u1edbi 7 n\u0103m \u1edf M\u1ef9 v\u00e0 12 n\u0103m \u1edf Nh\u1eadt, theo s\u1ed1 li\u1ec7u t\u1eeb Boston Consulting.<\/p>\n
B\u00ean c\u1ea1nh \u0111\u00f3 ngu\u1ed3n thu t\u1eeb th\u1ecb tr\u01b0\u1eddng n\u01b0\u1edbc ngo\u00e0i ng\u00e0y c\u00e0ng chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn h\u01a1n t\u1ea1i c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n c\u1ee7a Trung Qu\u1ed1c, khi\u1ebfn h\u1ecd c\u00e0ng d\u1ec5 d\u00e0ng b\u1ecb t\u1ed5n th\u01b0\u01a1ng khi c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i leo thang.<\/p>\n
Tr\u01b0\u1edbc t\u00ecnh tr\u1ea1ng t\u0103ng tr\u01b0\u1edfng gi\u1ea3m t\u1ed1c, Ch\u00ednh ph\u1ee7 Trung Qu\u1ed1c \u0111\u00e3 c\u00f3 nh\u1eefng \u0111\u1ee3t c\u1eaft gi\u1ea3m thu\u1ebf ph\u00ed v\u00e0 nhi\u1ec1u l\u1ea7n ch\u1ec9 \u0111\u1ea1o c\u00e1c ng\u00e2n h\u00e0ng t\u0103ng c\u01b0\u1eddng gi\u1ea3i ng\u00e2n cho c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c doanh nghi\u1ec7p nh\u1ecf. Nh\u1eefng c\u1ed1 g\u1eafng n\u00e0y \u0111\u00e3 mang l\u1ea1i k\u1ebft qu\u1ea3 b\u01b0\u1edbc \u0111\u1ea7u: d\u00f2ng ti\u1ec1n m\u1eb7t t\u00e0i tr\u1ee3 c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n \u0111\u00e3 t\u0103ng l\u00ean trong qu\u00fd I\/2019.<\/p>\n
Tuy nhi\u00ean, v\u00ec thi\u1ebfu th\u00f4ng tin, c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh v\u1eabn r\u1ea5t kh\u00f3 x\u00e1c \u0111\u1ecbnh doanh nghi\u1ec7p n\u00e0o \u0111\u00e1ng tin c\u1eady \u0111\u1ec3 cho vay. Th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng Trung Qu\u1ed1c v\u1eabn ch\u01b0a ph\u00e1t tri\u1ec3n, v\u00e0 m\u1ed9t s\u1ed1 doanh nghi\u1ec7p t\u01b0 nh\u00e2n sau khi nh\u1eadn \u0111\u01b0\u1ee3c kho\u1ea3n vay l\u1ea1i gi\u1edf tr\u00f2 l\u1eeba \u0111\u1ea3o, kh\u00f4ng tr\u1ea3 n\u1ee3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 k\u1ec3 c\u1ea3 khi v\u1eabn c\u00f3 ti\u1ec1n. Do ch\u01b0a c\u00f3 khung ph\u00e1p l\u00fd, nh\u1eefng c\u00f4ng ty n\u00e0y th\u1eadm ch\u00ed kh\u00f4ng b\u1ecb ph\u1ea1t, d\u1eabn \u0111\u1ebfn h\u1eadu qu\u1ea3 l\u00e0 nhi\u1ec1u \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh kh\u00f4ng d\u00e1m mua tr\u00e1i phi\u1ebfu ph\u00e1t h\u00e0nh b\u1edfi c\u00e1c doanh nghi\u1ec7p t\u01b0 nh\u00e2n.<\/p>\n
Tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Trung Qu\u1ed1c, c\u00e1c v\u1ee5 l\u1eeba \u0111\u1ea3o kh\u00f4ng ph\u1ea3i l\u00e0 hi\u1ebfm. V\u00ed d\u1ee5, h\u1ed3i th\u00e1ng 4, c\u00f4ng ty d\u01b0\u1ee3c Kangmei Pharmaceutical cho bi\u1ebft m\u1ed9t “l\u1ed7i k\u1ebf to\u00e1n” \u0111\u00e3 khi\u1ebfn ti\u1ec1n m\u1eb7t c\u1ee7a c\u00f4ng ty b\u1ecb th\u1ed5i ph\u1ed3ng, t\u0103ng th\u00eam 4,4 t\u1ef7 USD so v\u1edbi th\u1ef1c t\u1ebf. H\u00f4m 20\/5, c\u00f4ng ty n\u00e0y ti\u1ebft l\u1ed9 \u0111\u00e3 chuy\u1ec3n g\u1ea7n 8,9 nh\u00e2n d\u00e2n t\u1ec7 cho c\u00e1c t\u1ed5 ch\u1ee9c li\u00ean quan \u0111\u1ec3 giao d\u1ecbch c\u1ed5 phi\u1ebfu c\u1ee7a ch\u00ednh m\u00ecnh. Kangmei l\u00e0 1 th\u00e0nh vi\u00ean c\u1ee7a MSCI\u2019s China Index nh\u01b0ng hi\u1ec7n c\u00f4ng ty n\u00e0y v\u1eabn ch\u01b0a b\u1ecb x\u1eed l\u00fd.<\/p>\n
Trung Qu\u1ed1c v\u1eabn l\u00e0 m\u1ed9t trong nh\u1eefng n\u1ec1n kinh t\u1ebf t\u0103ng tr\u01b0\u1edfng nhanh nh\u1ea5t th\u1ebf gi\u1edbi. Kh\u00e1c v\u1edbi ph\u01b0\u01a1ng T\u00e2y, kinh t\u1ebf Trung Qu\u1ed1c v\u1eabn ch\u1ecbu s\u1ef1 chi ph\u1ed1i c\u1ee7a nh\u00e0 n\u01b0\u1edbc nhi\u1ec1u h\u01a1n l\u00e0 th\u1ecb tr\u01b0\u1eddng, v\u00e0 Ch\u00ednh ph\u1ee7 n\u01b0\u1edbc n\u00e0y c\u0169ng \u0111\u00e3 ch\u1ee9ng minh h\u1ecd c\u00f3 th\u1ec3 v\u1ef1c d\u1eady n\u1ec1n kinh t\u1ebf. Nh\u01b0ng gi\u1edd \u0111\u00e2y c\u00e2u h\u1ecfi s\u1ebd l\u00e0 sau khi th\u1eddi k\u1ef3 gian kh\u00f3 qua \u0111i, c\u00f3 ph\u1ea3i l\u00fac n\u00e0o B\u1eafc Kinh c\u0169ng c\u00f3 th\u1ec3 “ra tay c\u1ee9u gi\u00fap” hay kh\u00f4ng.<\/p>\n<\/div>\n
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Theo Reuters, c\u1ed7 m\u00e1y t\u00ecm ki\u1ebfm Baidu v\u1eeba ghi nh\u1eadn qu\u00fd thua l\u1ed7 \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb khi ni\u00eam y\u1ebft n\u0103m 2015. M\u1ed9t \u00f4ng l\u1edbn c\u00f4ng ngh\u1ec7 kh\u00e1c l\u00e0 Tencent c\u0169ng v\u1eeba c\u00f3 1 qu\u00fd m\u00e0 doanh thu t\u0103ng tr\u01b0\u1edfng th\u1ea5p k\u1ef7 l\u1ee5c (16%) d\u00f9 2 m\u1ea3ng fintech v\u00e0 c\u00f4ng ngh\u1ec7 \u0111\u00e1m m\u00e2y […]<\/p>\n","protected":false},"author":2,"featured_media":1180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ban-tin-tai-chinh"],"yoast_head":"\n
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Theo Reuters, c\u1ed7 m\u00e1y t\u00ecm ki\u1ebfm Baidu v\u1eeba ghi nh\u1eadn qu\u00fd thua l\u1ed7 \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb khi ni\u00eam y\u1ebft n\u0103m 2015. 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