News Snapshot:
They have begun to clamp down on their business private sector which just had a huge business default that shook world financial markets including Wall Street…. The authorities in China have taken into custody the top two executives of a conglomerate that bought up businesses around the world before quickly collapsing under heavy debts, the latest move to discipline the country’s corporate leaders. The conglomerate, a transportation and logistics company called HNA Group, said late on Friday that the police on Hainan Island, where it is based, had seized its chairman, Chen Feng, and chief executive, Tan Xiangdong. Both men...
