Estimates made by economists at Bloomberg forecast a stronger-than-expected first quarter for the Chinese economy, ahead of an official data release on Tuesday morning. The survey finds quarterly growth sticking to 6.8% compared to the 6.5% target, equal to that seen in the final quarter of 2017 and just under the 6.9% taken for the […]
Category: Brief
The International Monetary Fund warned China yesterday of the risk posed by unnecessary infrastructure projects in countries that already face significant debt issues, the second time this week that the organization has cautioned China on debt issues, the Financial Times reports. IMF Managing Director Christine Lagarde told Beijing that “ventures can also lead to a […]
Chinese insurance company Anbang Insurance Group Co Ltd, which made headlines in February after it was suddenly taken under government control and its CEO put on trial, is in talks with investment banks on how to manage its extensive asset portfolio. Anbang is in search of a financial adviser to help sell off some its […]
China’s financial regulators are discussing policy changes that would allow foreign asset managers to raise more funds from mainland Chinese investors to buy overseas securities, Caixin Global reports, as part of China’s heavily-touted march toward financial market liberalization. The changes under consideration would raise quotas outlined in the Qualified Domestic Limited Partnership, a program introduced […]
Sun Zhengcai, the former Party leader of western Chinese megacity Chongqing who was once thought of as a potential candidate for China’s highest political offices, pleaded guilty to accepting $27 million in bribes yesterday at a trial in Tianjin, the South China Morning Post reports. The hearing at the Tianjin First Intermediate People’s Court took […]