After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
Category: China
-
How Nepal’s Deal With China for an Airport Became an Albatross
China called the project a “signature” of its cooperation with Nepal. Insiders and documents reveal the pitfalls of China’s infrastructure-at-any-cost model.
-
Across U.S., Chinese Bitcoin Mines Draw National Security Scrutiny
Microsoft reported one site in Wyoming because of its proximity to a data center and nuclear missile base. Records show other cryptocurrency facilities have ties to the Chinese state.
-
China’s Economic Stake in the Middle East: Its Thirst for Oil
China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
-
In China Businesses Cut Prices as Consumers Spend Less
Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
-
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
-
Country Garden, Chinese Real Estate Giant, to Miss Debt Payments
The property giant is effectively declaring that it has defaulted on its debt, becoming one of the biggest casualties of China’s deepening property crisis.
-
Samsung and SK Hynix Get U.S. Waivers From Export Curbs
A government official in Seoul said the decision settled a trade issue that threatened to impede the China operations of Samsung and SK Hynix.
-
Art Auction in Hong Kong Draws Lower Bids Than Expected
A portrait by Amedeo Modigliani sold for less than expected and several artworks went unsold as China’s best-known art investor liquidated part of his collection.
-
Nio Loses $35,000 a Car. That Should Scare the U.S. and Europe.
Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.
-
Liu Yiqian, China’s Top Art Collector, Is Selling a Modigliani
Liu Yiqian made global headlines in 2014 and 2015 by paying top prices for paintings and antiquities but is starting to liquidate some of his artworks.