China’s services sector grew at its slowest rate in four months in March, according to the Caixin China General Services Business Activity Index, hampered by slower new business growth and weaker business sentiment. The index, an aggregate indicator with an average, no-growth benchmark of 50, sank to 52.3 last month from February’s strong 54.2. Many […]
Author: Timothy Ang
Chinese insurance company Anbang, which made headlines just over a month ago when it was formally taken over by China’s insurance regulator, will be given a rescue package of RMB 61 billion ($9.7 billion) from the government whilst it finds new long-term capital providers, the Financial Times reports. Anbang was abruptly seized by the government’s […]
Presidents Xi Jinping and Emmerson Mnangagwa of Zimbabwe voiced their desire to continue the economic cooperation between their two countries, Reuters reports, during their first official visit since the ousting of Robert Mugabe late last year. China has been raising its presence in Africa through trillions of dollars’ worth of large infrastructure projects, Zimbabwe being […]
The online asset management industry is the next target of the government’s war of risk, Caixin Global reports, with a wave of bans being placed on unlicensed financial businesses. The government is wary of the build-up of capital being used to buy risky financial securities, an issue which became apparent during the stock market turmoil […]
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