China’s ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector as the world’s second-largest economy grapples with growing external risks, from open U.S. hostility to the coronavirus pandemic. In recent years, the party has …
Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China’s CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia, a source told …
China’s banking and insurance regulator said on Monday it had told all of the country’s banks to sharply increase lending to private companies, as policymakers step up support for the slowing economy. Big state-owned commercial banks should increase outstanding loans …
