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Take a guess: which Southeast Asian country did Beijing invite for the BRICS Summit that begins on Sunday in Xiamen, where leaders from Brazil, Russia, India, China, and South Africa will discuss the future of emerging economies over tea?Option A: Indonesia, Southeast Asia’s biggest economy;Option B: Cambodia, the region’s...
A proposal by a prominent Chinese economist to revive the “rust belt” province of Jilin has triggered controversy among academics, showing the difficulty of finding a quick solution to the problems of the northeast zone as it grapples with debt and inefficient plants. Justin...
The credit rating of China’s Anbang Life Insurance Co was downgraded by Dagong Global Credit Rating Co on Wednesday, three months after the regulator curtailed its operations and two months since the chairman of its parent company disappeared from public sight. The downgrade by one notch to AA+ came as...
Chinese investors will have to get specific approval from Beijing to put their money in overseas property and sports clubs under tough new restrictions released on Friday. Amid fears of broader financial insecurity, the State Council said companies would also need regulatory approval for...
A Chinese energy company founded 15 years ago by an entrepreneur in his mid twenties had been quietly gobbling up energy assets across central Asia and eastern Europe for the past two years.Unlike Anbang Group, Dalian Wanda Group, Fosun Group and the HNA Group, which have come under close...
The Chinese leadership has this year made its strongest commitment yet to curb financial risks and rein in spendthrift local officials, yet the campaign has spurred barely a ripple of concern among global investors. In a recent survey, China hardly registered on the list...