Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.
Category: China
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China Is Winning in Solar Power, but Its Coal Use Is Raising Alarms
China is building as much clean energy capacity over four years as it had promised to build in 10 years, but continues to add coal-fired power plants.
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For China’s Jobless Young People, Hostels Are the Place to Be
Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.
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Migrant Workers Propelled China’s Rise. Now Many See Few Options.
Migrant workers, who moved from China’s villages to its big cities, were a secret weapon building the economy. Now many see few options.
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Foxconn, China Contractor for Apple, Said to Be Under Tax Audit
Chinese state media outlets say the Taiwanese factory giant is under investigation in four provinces. The company said it treated legal compliance as a “fundamental principle.”
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Country Garden Says Executives Have Not Fled China
The company, one of China’s biggest property developers, took the unusual step of stating that the company’s founder and its chairwoman were “working normally.”
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Tesla’s Price Cuts Lowered Its Profit
The carmaker made less money in the third quarter as it cut car prices to attract buyers amid stronger competition.
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China’s Economy Grew More Than Expected Over the Summer
The government spent heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.
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Israel-Hamas War Adds to Surge in Global Weapons Sales
Israel’s conflict with Hamas, Russia’s invasion of Ukraine and the rise of China have brought a boom for weapons makers and a chance for Washington to build closer military ties to other countries.
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What is China’s Belt and Road Initiative and How Is It Changing?
Xi Jinping enhanced China’s sway in the world by lending money for infrastructure. Now he’s collecting debts and rethinking his signature aid initiative.