On the 15 September 2008, Lehman Brothers, a bank considered ‘too big to fail’ filed for protection under Chapter 11 of the Bankruptcy Code, the single largest bankruptcy filing in the history of the US.
The report to the government, An India Economic Strategy To 2035 by Mr Peter Varghese AO, marks a great step forward in a relationship that has fallen in and out of interest to many Australian governments over past decades.
China remains a difficult market to do business for many companies across multiple sectors and executives remain concerned about the Chinese economy, increasing protectionism and rising employment and operating costs.
Since establishing diplomatic relations with Vietnam in 1973 our two countries have experienced a growing mutuality of economic and security interests. But the benefits of this relationship are often undervalued.
Today’s media reports that China’s Central Banking Regulator (CBRC) is investigating the domestic banking sector’s exposure to global investments made by several privately owned group companies is another example of direct action being taken by Chinese regulators to address capital outflows and high domestic debt levels.