Antonio Fatas submits:The global imbalances that we have witnessed over the last years have led to significant changes in the net investment position of some countries. Those with persistent current account deficits (e.g. the US) have seen their net investment position deteriorate, while those with persistent current account surpluses have seen their net investment position improve (such as China).
SHANGHAI/BEIJING (Reuters) - China signaled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat the nation's slowing economy. Beijing is drafting detailed guidelines to encourage private investment across industries, with special focus on the heavily state-controlled electricity, oil and natural gas sectors, according to an article by the official Xinhua news agency. ...
By Matthew Miller and Umesh DesaiBEIJING/HONG KONG (Reuters) - China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.
BEIJING — China will allow the creation of up to five privately financed banks this year to support economic growth by gradually opening the state-run industry, the country’s banking regulator says.
Analysts including the World Bank say an overhaul of Chinese banks that lend little to entrepreneurs is urgently needed to achieve the ruling Communist Party’s goals of making the economy more productive.
Investors could be allowed to enter Chinese government-controlled sectors such as electricity, oil and natural gas.BEIJING — Faced with declining profits and a slowing economy, China said it was drafting plans to boost private investment for industries long dominated by the state.