China set a 7.5 percent target for economic growth in 2014, a pace that may make it more difficult to achieve the leadership’s goals of curbing credit risks and stemming the pollution choking the nation’s biggest cities.
Developers Cifi Holdings Group Co. and Greentown China Holdings Ltd. are marketing dollar- denominated bonds four months after selling debt as new home prices in Beijing, Shanghai, Guangzhou and Shenzhen surge.
Rebecca Ning, along with 43 million other Chinese, has found a way to make about 6 percent annually, or 17 times her usual interest rate, by tapping her phone and using technology that’s disrupting China’s banking status quo.
Chinese Premier Wen Jiabao’s relatives acquired shares in Ping An Insurance Co. after an appeal in 1999 by the insurer to authorities averted the company’s breakup, the New York Times reported, citing corporate filings and copies of letters and records.
Chinese Premier Wen Jiabao’s extended family has controlled assets worth at least $2.7 billion, the New York Times reported, citing corporate and regulatory records and unidentified people familiar with the family’s investments.