The world’s second-biggest economy has its own rules of engagement. “You’re not going to change them. You have to accept what they are and find ways to adapt your business.”
(Bloomberg) A pickup in losses in China bonds has sent local money managers rushing to reassure jittery clients that there won’t be a repetition of last year’s record withdrawals.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtship of IndiaThe nation’s biggest lender, Industrial & C
Shares of some of China’s largest property developers are now considered “almost worthless” by a mutual fund that holds the assets. An exchange-traded fund run by HuaAn Fund Management Co. has assigned a value of HK$0.01 for each share of China Evergrande Group and Evergrande Property Services Group Ltd. in…