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China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.
Chengdu is both a pioneer in the country’s opening-up and a leading destination for funds from international high-tech companies looking to invest in the region.
HNA Group’s $2.2 billion purchase of a Manhattan office tower shows that the Chinese appetite for New York real estate – and trophy assets – is still there, real estate analysts said.
China opposes the many forms of trade protectionism and supports free trade, Vice-Premier Zhang Gaoli said on Sunday, amid rising anti-globalization sentiment around the world.
China released upbeat macroeconomic data on Tuesday indicating that the economy remained on solid footing at the start of the year, and analysts said the trend will continue through the year.
CLSA Ltd, the Hong Kong brokerage owned by China’s Citic Securities Co, will close its US equity-research operations because of intense competition and declining profit as asset managers built their own research teams and the costs of hiring analysts rose.