Forest City was an audacious $100 billion project by a top Chinese developer. Today, the project is a fraction of what had been planned and the developer is broke.
Category: China
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Why Chinese Are Rushing Into a ‘Casino’ Stock Market
Steps to bolster the economy have set off a stock buying frenzy. Our columnist spoke to Chinese investors about why they are jumping in knowing the risks.
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China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy
Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.
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Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.
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China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.
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China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
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Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
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Young Chinese Investors Are Jumping Into the Stock Market Frenzy
Despite the risks of investing at a volatile time, investors see the recent stock rally as a rare opportunity to make money when China’s economy is sluggish.
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China to Penalize European Brandy Imports, Striking Back at Car Tariffs
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
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China Stocks Surge After Government Measures to Boost Economy
The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.
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Fears of a Global Oil Shock if the Mideast Crisis Intensifies
The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.