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Washington Post

Understanding How China’s HNA Group Rose and Fell

China’s HNA Group Co. shot to prominence by spending more than $40 billion on acquisitions across six continents from 2016. But the breathtaking buying spree drew questions from regulators about the group’s opaque ownership structure and its struggle to manage spiraling debt. That prompted an equally dramatic selling spree, and Chinese authorities eventually took effective control. Now, HNA is undergoing an aggressive debt restructuring that will see its original shareholders exit the picture. And in another twist, its Chairman Chen Feng and Chief Executive Officer Tan Xiangdong, also known as Adam Tan, were detained in September on unspecified charges.
ECONOMY
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nationalinterest.org

India's Navy is No Small Obstacle for the PLA Navy to Overcome

It's one thing for China to project power into its own region, but the Indian Ocean is a different challenge. Here's What You Need to Know: How to manage a great-power challenge to nautical freedom is a question of a higher order altogether than how to police the Indian Ocean.
MILITARY
fcced.com

Former chief of Chinese liquor giant Moutai jailed for life for bribery

The former head of Chinese liquor firm Kweichow Moutai, the world’s most valuable spirits company, has been jailed for life for taking more than $17 million in bribes. Yuan Renguo, 64, was found guilty of accepting cash and properties worth more than 112.9 million yuan ($17.5 million) while working at Kweichow Moutai between 1994 and 2018, according to a court statement on Thursday.
ECONOMY
toysmatrix.com

‘Complex, grim’: China’s Xi warns of situation in Taiwan

China’s President Xi Jinping warned in a congratulatory letter on Sunday to the newly elected leader of Taiwan’s main opposition party that the situation of the Taiwan Strait was “complex and grim”. Taiwan’s Kuomintang (KMT) elected as their leader on Saturday former New Taipei City mayor Eric Chu, who said...
CHINA
gmnewshub.com

The Australians most at risk if Chinese property giant Evergrande collapsed

Australians who own shares in mining companies are most at risk from the possible collapse of Chinese property giant Evergrande. Iron ore prices last week plunged below $US100 for the first time in 14 months amid fears China’s Communist Party government would let Evergrande fail with debts of more than $400billion.
ECONOMY
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