afr.com

China’s police warn fearful investors not to protest, stepping up efforts to clampdown on criticism (www.afr.com)

Investors who put money into troubled financial giant Zhongzhi said security police had visited them at their homes this week, urging them to avoid public protests, Bloomberg reported. Investors who received the visits come from a wide area of China, including from Beijing.

Westpac axes 100 more jobs inside bank (www.afr.com)

Tldr: Westpac has cut over 100 jobs in its premier banking division and other areas, adding to the 300 positions already eliminated from its head office. These reductions are part of an effort to simplify operations, improve accountability, and decrease costs. The premier banking division was targeted due to its customers'...

China’s curse is to raise hopes and dash them -- [Long read] (www.afr.com)

This is an excerpt of ‘Wild Ride, A Short History of the Opening and Closing of the Chinese Economy’, by American journalist Anne Stevenson-Yang who details her life in China as the one-party state opened to the world, then regressed back to an oppressive, inward-looking regime....

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