China Orders Anbang To Sell Waldorf Astoria, Other Foreign Assets
China has ordered Anbang Insurance Group, the conglomerate which owns New York’s historic Waldorf Astoria hotel, to sell its overseas assets, Bloomberg News reported Monday. The financial news agency, which cited unidentified people familiar with the matter, said Chinese authorities have told Anbang to bring the proceeds back to China after disposing of holdings abroad. … Read more