Photo: AFPThe fall from grace of China’s Anbang Insurance Group Co. Ltd continues to get steeper. Not long ago, the mysterious firm was chasing one foreign deal after another, becoming a symbol of China’s global economic ambitions. In just about every category, China’s rise into a global economic superpower has stalled. Nowhere is the disconnect between China’s global ambitions and actual policy greater than with the government’s interference in overseas direct investment. The root cause of China’s global stall is this continued inability to let markets be markets.

Source: Mint August 07, 2017 20:26 UTC