China’s Property Crisis Blew Up Investments That Couldn’t Lose

China’s Property Crisis Blew Up Investments That Couldn’t Lose

Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.
Xi Jinping is Asserting Tighter Control of Finance in China

Xi Jinping is Asserting Tighter Control of Finance in China

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.