Chongqing (China)

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The Elusive Fix for China’s Budget Crisis

Across China, many local governments are on the brink of insolvency. Some cities have reduced pay for civil servants. Cuts to municipal health insurance have triggered street protests.Central government bailouts […]



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China’s Record Drought is Drying Rivers and Feeding Its Coal Habit

HONG KONG — Car assembly plants and electronics factories in southwestern China have closed for lack of power. Owners of electric cars are waiting overnight at charging stations to recharge […]