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

Business & Technology

The 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.