South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
Supervision of overseas investment risks will be stepped up by China
On Monday, China is about to strengthen its supervision of overseas investment risks as well as capital flows from insurance funds, as the insurance regulator informed on Monday, stressing that it’s about to make businesses improve their risk monitoring systems.
In 2017, China has cracked down on “wrong” overseas investment suspected to be a way of disguising capital flight as the Chinese currency dropped.
While the Chinese Yuan has staged a steep turnaround for the last months and outflows have slumped, the Chinese government has demonstrated no signs of easing the campaign. In August, the state council told that China is on the verge of limiting overseas investment in hotels, property, sports clubs, entertainment as well as film industries.
Some overseas investments have failed because of heightened official scrutiny. The previous month Dalian Wanda Group told that it had confounded plans to purchase Nine Elms Square in London, which is the fresh setback for the Chinese conglomerate.
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Latest news
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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