Buy the state, sell the capitalist - that's how global investors are trying to play China's latest anti-graft crackdowns as they see private enterprise increasingly sidelined in Beijing's quest for 'common prosperity'. China's recent sweep of the medical sector came as a shock to many investors who had thought the end of Beijing's three-year regulatory purge of the property and tech sectors meant there would be no more industry-wide crackdowns as policymakers prioritised economic recovery.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting -- As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.
The federal environment minister says Canada is doing plenty to meet its climate targets despite news this week that Equinor is hoping to grow its oilfield off the coast of Newfoundland. Steven Guilbeault says whether production in the oil and gas sector increases or not, greenhouse gas emissions from that industry have to come down in order for Canada to meet its climate targets.
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