FT News Briefing Thursday, March 7
Mar 7, 2019
New research reveals that China's economy is 12% smaller than previously reported. Meanwhile, U.S. financial regulators are easing Obama-era rules, while the U.K. tightens golden visa regulations for wealthy investors. The discussion then shifts to a controversy involving Canadian Prime Minister Justin Trudeau, highlighting political allegations that could impact his leadership. The implications of these events resonate within the wider political landscape, especially regarding public opinion and ongoing investigations.
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China's Inflated Economy
- China's economy is 12% smaller and its growth 2% lower than reported.
- Local officials inflate statistics due to growth-based performance evaluations.
Relaxed Banking Rules
- US regulators relaxed post-financial crisis banking rules.
- These changes affect stress tests and oversight of non-bank financial companies.
Stricter Golden Visas
- UK 'golden visas' face stricter regulations.
- Investors now need to show control of £2m+ for two years and invest in UK businesses.