Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Category: China
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World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
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Lawmakers Call for Raising Tariffs and Severing Economic Ties With China
A bipartisan congressional report recommended revoking permanent normal trade relations with Beijing.
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Why Volkswagen Is Hiring 3,000 Engineers in China
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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China’s Electric Car Factories Are Facing a Worker Shortage
China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers.
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The Clock is Ticking on Improving China-U.S. Relations, Experts Say
Participants in a task force at the DealBook Summit said President Xi seemed ready to expand economic relations. But for how long?
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Xi Jinping is Asserting Tighter Control of Finance in China
The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
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China Evergrande Soared on the Property Boom. Here’s Why It Crashed.
Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight.
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U.S. Moves to Crack Down on Money Behind Fentanyl Trade
Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.