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A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks' longest winning streak in two years - clocking seven straight daily gains - has been underscored...
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday, citing...
Homebuyers would not rush to buy property just because Country Garden gets out of trouble. If the crisis is allowed to spread and confidence collapses, the risk is that China enters a negative feedback loop of debt and deflation and succumbs into a lost decade in terms of growth.
The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.
Ping An Insurance (Group) Co. doesn't hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, the