Xi Strikes Firm Stance on Taiwan; China Housing Market Rebounds; Sovereign Funds Splash Cash; Switzerland Eyes Banker Pay; Baby Formula Recall in US
• Xi Jinping reaffirms Taiwan reunification plans in New Year's address, striking stronger tone than last year • China's property market shows signs of revival as home prices rise for 4th straight month in December • Saudi PIF accounted for 25% of $124B spent by sovereign wealth funds worldwide in 2023 • Switzerland considers clawing back bankers' bonuses amid Credit Suisse fallout • 675,000 cans of baby formula recalled in US over bacterial contamination concerns