ANZ will invest more in China after top executive visit

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While China’s policymakers have signalled they want more foreign investment and trade, President Xi Jinping’s focus on national security and a crackdown on data and some foreign companies in the auditing sector have alarmed foreign investors who are also concerned about its economic challenges. Mr Whelan said he was bullish on China’s prospects after meeting some of the country’s biggest companies this week. ANZ’s clients in China include manufacturers, agricultural, automotive and resources companies and financial institutions. Geely Automobile is one. “This is an $US18 trillion ($26.5 trillion) economy, and it is still growing at 4 [to] 5 per cent....