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At a recent retreat in southeast England for his top executives, HSBC Holdings Plc boss Noel Quinn painted a bullish picture for the year just gone as the lender benefited from rising interest rates.
Consumer confidence has plummeted, Beijing is focused on security and stability, and global companies and investors are bracing for smaller gains.
There’s widespread anger over unfinished homes and insufficient action by policy makers.
The country reportedly is preparing a $280 billion fund to prop up shares. That will help, but more is needed.
By Jiahui Huang Shares of China Evergrande's units saw volatile trade a day after the Chinese property giant was ordered to turn over its assets to...