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.
Category: Economic Conditions and Trends
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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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Why More Chinese Are Risking Danger in Southern Border Crossings to U.S.
Trekking the perilous Darién Gap and seeking asylum are risks worth taking for migrants from China who have lost hope in the country’s future.
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Eurozone Inflation Falls Faster Than Expected
Prices rose at an annual rate of 2.4 percent in November among the countries that use the euro, continuing a broad decline in energy and food inflation.
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.
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Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation
The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
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U.K. Cuts Workers’ Taxes as Sunak Faces Election and Stagnant Economy
Britain’s top financial official, Jeremy Hunt, outlined measures to spur business investment and push more people into work.
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China’s Xi Jinping Draws Elon Musk, Tim Cook and Other U.S. CEOs to Gala in San Francisco
Amid frosty U.S.-China relations, Xi Jinping emphasized friendship in an address to executives from Apple, Boeing, Nike and others.
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German Court Says Government Cannot Shift Covid Funds to Climate Projects
The decision could rip a hole in Berlin’s budget and complicate the transition to a greener economy.
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U.K. Inflation Slows to 4.6 Percent, Lowest in Two Years
Inflation is expected to continue to slow, but central bank officials have said they will keep interest rates high.