Ping An Celebrates a High-Stakes Bank Deal

A deal for a key stake in Shenzhen Development Bank was a money-maker for the seller and a feather in Ping An's cap.

Video

NPC

Recovering From the Crisis

By Chief Economist Shen Minggao and Eswar Prasad

Week In Review
  • June 29 to July 3
    China's four largest state-owned commercial banks lent out a total of 497 billion yuan; China's power output rose 3.8 percent year-on-year; China raised gasoline and diesel prices
  • June 22 to 26
    The World Bank raised its forecast for China's 2009 economic growth to 7.2 percent; China's auto industry is likely to see an end in June; Protests triggered by the death of Tu Yuangao
  • June 15 to 19
    Guilin Sanjin Pharmaceutical Co. has won final approval to list in the Chinese mainland stock markets; China will continue to import iron ore at a higher rate; China's daily average power output fell 0.2 percent year-on-year
  • June 8 to 12
    China has increased tax rebates for exporters for the seventh time since August 2008; China's exports slumped a further 26.4 percent in May; OZ Minerals have approved a US$1.4 billion offer by state-owned China Minmetals.
  • June 1 to 5
    Shanghai Electric Group Co. will likely file a lawsuit against Indonesia's state power company; The proposal was to result in Chinalco's stake in Rio Tinto rising to 18 percent;China's State Food and Drug Administration has selected 11 companies to prepare batches of the A/H1N1 flu vaccine.
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