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Huarong drama: Inside the race to avert disaster at China’s biggest ‘bad bank’ Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
The China Huarong Asset Management Co. headquarters in Beijing | BLOOMBERG
Bloomberg May 24, 2021
It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower picked up an inkbrush and, with practiced strokes, began to set characters to paper.
Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary and, less happily, replacement for a man who very recently had been executed.
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IN an era blighted by economic recessions and general malaise, the recent declaration by Akinwumi Adesina, the President of the African Development Bank Group, on the imperative of economic restructuring enlivens the debate about the fundamental weaknesses hobbling the Nigerian state. Calling for transformation, the erstwhile Minister of Agriculture traced the current seismic downturn in the country to the upside-down political structure in which the states depend primarily on the sharing from the centre for their income. “The union would be stronger when restructured,” he said. This is sound, logical and rational because Nigeria is a natural federation, but is unscientifically practising an economically centralised, unworkable and politically unsustainable federal structure.
ROCK SPRINGS The Rock Springs Main Street/Urban Renewal Agency is looking for entertainers for this summer’s Brown Bag Concert series.
The series takes place every Tuesday all summer long beginning June 1 from noon to 1:30 p.m. on the grassy area behind the Sweetwater County Health and Human Services Building.
The organization is currently looking for interested performers, local bands (1 to 3 members) or musicians interested in being part of the series. Interested parties are encouraged to contact the Rock Springs Main Street/URA at 307-352-1434. Performers will receive a stipend for their performances.
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