China’s economy was long dependent on a booming real estate sector, which has recently fallen on harder times.
Category: Economic Conditions and Trends
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Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles
Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
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China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
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Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
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China Evergrande, Giant Developer, Files for Bankruptcy
The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.
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Can Affluence and Affordable Housing Coexist in Colorado’s Rockies?
The outdoorsy lifestyle of Colorado mountain towns has become a magnet for the new remote-worker class, upending life for those already rooted there.
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U.K. Inflation Eases to 6.8% as Energy Prices Fall
The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England.
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Wall St. Weighs the Effect of Weaker China and Stronger U.S.
Investors are worried about the Chinese economy teetering as well as signs that the U.S. economy may be growing too fast for inflation to moderate.
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Country Garden: Why Its Financial Crisis Poses a Risk to China
Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent
The rapid expansion came as exports have risen and tourists have flooded the country.