The regular talks are intended to give both countries a venue to resolve differences.
Category: Economic Conditions and Trends
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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.
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Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.
Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
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U.K. Inflation Rate Slips Lower for Third Straight Month
Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
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What Retail Sales and Other Data Say About China’s Economy
Consumers are spending a little more, but apartment prices and the pace of construction keep falling.
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European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
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How Child Care in New York City Became Unaffordable for Nearly Everyone
Even upper-middle-class New Yorkers are struggling with the soaring costs of child care. So are the workers they pay.
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China Is Full of Risk For U.S. Companies
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.
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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.