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“It’s what we call the potential trade-investment-technology war that will affect global investment, and we see that the rising protectionist measures of a number of countries and the prospects for global economic growth are worsening,” Zhan said turn buttons into cufflinks. The United States remained the top destination for FDI in 2018, attracting $226 billion, 18 percent less than in 2017. Second was China, up 3 percent to $142 billion, and third was Britain, which saw a 20 percent jump to $122 billion, mainly due to a doubling of reinvested earnings and a tripling in the value of M&A deals..
“Despite the huge uncertainty related to the Brexit, the UK government has intensified its effort to promote and facilitate new investment, as well as to retain existing investment in the country, including formulating a strategy and adopting new measures for attracting foreign investment,” Zhan told Reuters turn buttons into cufflinks. Notable megadeals included Comcast’s (CMCSA.O) $40 billion acquisition of Sky, Vantif’s $10 billion purchase of Worldpay, and the acquisition of Unilever’s margarine & spreads business for $8 billion by KKR & Co..
BEIJING (Reuters) – China must be on guard against “black swan” risks while fending off “gray rhino” events, President Xi Jinping said on Monday, adding that the economy faces deep and complicated changes, state news agency Xinhua reported. A “black swan” event refers to an unforeseen occurrence that typically has extreme consequences, while a “gray rhino” is a highly obvious yet ignored threat turn buttons into cufflinks. Xi’s warning came after the release of data on Monday showed the economy posted the slowest growth in 28 years last year, hurt by faltering domestic demand and bruising U.S. tariffs..
Local governments and state organizations should find a balance between stabilizing growth and fending off risks, controlling the pace and intensity of such policies, Xi said in remarks during a meeting with provincial and department officials. Sliding growth had pressured the government to roll out more stimulus to avert a sharper slowdown. The central bank has cut the reserve requirement ratio for banks five times in the past year turn buttons into cufflinks. Economic operations would be maintained within a reasonable range, Xi said, adding financing difficulties of small businesses will be resolved pragmatically while authorities would also step up support for companies to stabilize jobs..
Zombie firms – companies with a lot of debt – would be dissolved properly and resettlement of workers would be taken care of accordingly, Xi added turn buttons into cufflinks. China would implement long-term mechanisms that support the stable and healthy development of the property market, while making thorough evaluation of the potential impact on financial markets when drafting policies, according to Xi, who did not elaborate. He emphasized that technology safety was an important part of national security and the country will accelerate legislation in artificial intelligence, gene editing, autonomous vehicles and drones..