China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
Category: Economic Conditions and Trends
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Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
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As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China
The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.
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Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
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Bank of England Cuts Interest Rates, but Warns Inflation Will Fall Slowly
The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.
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Another Jolt of Uncertainty for a Global Economy Mired in It
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
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Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
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They Barter and Trade in Rural America. How Will They Vote?
Many rural Americans engage in cashless barter systems to get food and firewood for heating and cooking. They value self-sufficiency, making them wary of government intervention.
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Why There’s Hope for U.S. Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
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Why There Is Hope for Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
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Can Quake-Prone Japan Ever Embrace Nuclear Energy Again?
The government, its makeup in flux after the ruling party lost seats this week, will soon need to make decisions that will shape Japan’s future nuclear policy.