Earlier this year, David Yang was brimming with confidence about the prospects for his perfume factory in eastern China.After nearly three years of paralyzing Covid lockdowns, China had lifted its […]
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Back to news homeHow China Made Its Housing Crisis Worse
In China the pension akin to Social Security in the United States pays about $410 a month to seniors who live in cities, and only $25 a month in the […]
China’s Property Crisis: Why It’s So Hard for Beijing to Fix
China’s stock market was plunging and its currency was teetering. The head of the central bank, fielding questions at a rare news conference, said that China would make it easier […]
Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles
When their government abruptly ended its harsh Covid measures in December, many Chinese expected a robust rebound from pent-up demand. Eight months later, China is instead facing an accumulation of […]
China Central Bank Cuts Key Interest Rate on Bank Lending
Stocks in China tumbled and the currency weakened on Monday after the country’s central bank announced a smaller-than-expected cut in a key interest rate.Many investors and economists had been expecting […]
China Faces a Crisis in Its Real Estate Sector
A model Chinese property developer in a sector replete with risk takers is teetering on the edge of default. Short of cash, one of China’s biggest asset managers has missed […]
How Geopolitics Is Complicating the Move to Clean Energy
He is known as the Minister for Everything. From the government offices of Indonesia’s capital to dusty mines on remote islands, Luhut Binsar Pandjaitan commands authority as the nation’s essential […]
China’s Nickel Plants in Indonesia Created Needed Jobs, Plus Pollution
For most of his 57 years on the island of Sulawesi, Jamal was accustomed to scarcity, modest expectations and a grim shortage of jobs. People mined sand, caught fish and […]
Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market
Stocks in Hong Kong entered a bear market on Friday, down 21 percent from their high near the start of the year, as investors around the world grew increasingly worried […]
Country Garden: Why Its Financial Crisis Poses a Risk to China
Country Garden, a Chinese real estate giant, has lost billions of dollars and racked up $200 billion in unpaid bills. It’s on the hook to deliver, by one estimate, nearly […]