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Why would a Chinese insurance giant want to own a gas pipeline?

T
he sale of a 50 percent stake in a major Sinopec (China Petroleum and Chemical Corp.) project to China Life Insurance and a subsidiary of a state-backed investment platform shows that China’s economic rebalancing "is increasingly proving to be more about spreading risk within the vast network of state-backed enterprises, rather than taking it out altogether," writes Anjani Trivedi.
9 months ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
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