Ally Financial has joined the ranks of banks doing deals known as Chinese leader Xi Jinping and other top Communist Party officials used 22,000 characters in laying out a blueprint for reviving the countryβs flagging economy in the coming years and signaling an intention to rev up growth in the coming months.
On some of the thorniest issues, however, the document had little new to sayβfueling concern among some economists about the countryβs longer-term prospects.Β
The worldβs second-largest economy, which saw growth slip markedly in the second quarter, is straining under the weight of $7 trillion to $11 trillion in hidden local government debt. It is also struggling to contend with a prolonged property crisis.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
|