China

China’s Economy Is In “Long-Term Decline” And Growth From 2020 Will Be Increasingly Dependent On Foreign Capital, According To Morgan Stanley

China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on foreign capital,” said the investment bank in a report on Tuesday.

Microsoft on Thursday said that Bing has become inaccessible in China and that it is trying to determine its next steps.

It wasn’t immediately clear why the search engine became unavailable and whether the Chinese government had blocked it. The Cybersecurity Administration of China didn’t respond to a request for comment. The service interruption comes at a sensitive time for U.S. companies operating in China, as trade disputes between the two countries simmer.