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Analysis: Chinese drivers pose fresh risks for foreign insurers

Analysis: Chinese drivers pose fresh risks for foreign insurers

(HK, 4 Jun) - "People like us who buy Ferraris don't care too much about insurance because we buy cars for speeding," said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new 5 million yuan ($787,500) 458 Spider, his fourth red Ferrari. "If we crash, we just throw them away." Drivers... 

Chinese sovereign wealth fund stops buying European government debt

Chinese sovereign wealth fund stops buying European government debt

Amid resurgent political and financial crisis in Spain and Greece, Gao Ziqing, head of the China Investment Corporation (CIC), said the $440bn (£273bn) fund was "looking at opportunities in Europe" but added: "We don't want to buy any government bonds." Eurozone leaders have tried to attract investors from Asia to help mop... 

Xenophobia, or is it more?

Xenophobia, or is it more?

I am not a xenophobe. Let's get that out of the way. In recent months, the word "xenophobia" has been used to describe Singaporeans on the issue of immigration. The Oxford English Dictionary defines xenophobia as "an intense, or irrational dislike or fear of people from other countries". Dictionary.com adds that this extends... 



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