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Transport, hotels spur China economic growth

  Bloomberg Transport, deliveries and eateries spurred the first acceleration in Chinese economic growth in two years last quarter, highlighting the robust expansion of new drivers and the underlying risks in real-estate since the introduction of policy curbs to halt property speculation. Carriers, warehousing and delivery output rose 9.9 percent from a year earlier in the fourth quarter, the National ...

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China’s Wanda Group mulls deeper health-care push

  Bloomberg Billionaire Wang Jianlin’s property-to-entertainment conglomerate is weighing a push into private health care in China, tapping into a rapidly growing multi-billion dollar industry in the country. The chairman of Dalian Wanda Group Co. is considering setting up a chain of hospitals, he told Bloomberg News Editor-in-Chief John Micklethwait during a panel at the World Economic Forum in Davos, ...

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Australia sells $7bn of bonds in biggest-ever sale

  Bloomberg Australia’s government sold A$9.3 billion ($7 billion) of notes maturing in December 2021, its biggest-ever bond transaction. The offering was snapped up by investors even as doubts swirl about the country’s top credit rating and the government’s ability to rein in its budget deficit. While credit assessors refrained from taking any action following December’s mid-year budget update, S&P ...

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