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China’s insurance regulator may get a hostile takeover

With top Communist Party officials gathering in Beijing to set key government posts, the insurance regulator is looking like the weakest link. China is considering a merger of its banking and insurance watchdogs to streamline the fragmented regulatory system, as Bloomberg News reported in late January. A combination could be announced soon after the National People’s Congress, which starts next ...

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Trade wars are bad and impossible to win

It’s always dangerous to say that Donald Trump has set a new low for presidential discourse, because he sets new lows with dreary regularity. Nonetheless, his heedless declaration that “trade wars are good, and easy to win” deserves special recognition. No president should need to be told that trade wars are, in fact, bad and impossible to win. By imposing ...

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Indian economy bouncing back, but not high enough

The Indian economy has been short of good news recently. So the latest GDP growth figures, released on February 28, come as a bit of a relief: The economy grew at 7.2 percent in the last three months of 2017, slightly faster than expected. For the entire financial year — due to end on March 31 — the government’s statisticians ...

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