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.
Category: Economic Conditions and Trends
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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.
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Factories May Be Leaving China, but Trade Ties Are Stronger Than They Seem
The United States is trying to lessen its dependence on Chinese goods, but research is showing how tough it is to truly alter global supply chains.
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She Rose From Poverty as China Prospered. Then It Made Her Poor Again.
Sun Junli is one of many small-business owners, the backbone of China’s economy, who lost everything to a change in government policy.
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Novo Nordisk’s Ozempic and Wegovy Reshape Denmark’s Economy
Novo Nordisk, the Danish company behind two popular obesity medications, is reaping huge profits and is now responsible for most of the country’s economic growth.
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U.S. Commerce Secretary Faces a Wide Range of Issues in China
The secretary said she planned to discuss U.S. technology controls, commercial disputes and opportunities for doing more business in her visits to Beijing and Shanghai this week.
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What China’s Economic Woes May Mean for the U.S.
The fallout is probably limited — and there may be some upside for American interests.
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Raimondo Heads to China to Both Promote Trade, and Restrict It
The commerce secretary’s trip may be the clearest demonstration yet of the balancing act the Biden administration is trying to pull off in its relations with China.
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A Crisis of Confidence Is Gripping China’s Economy
China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
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Turkey’s Central Bank Raises Rates to Near Two-Decade High
The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
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At Jackson Hole, Powell Faces a Changed Economy and Market
Jerome Powell, the Federal Reserve chair, warned in 2022 that the central bank might hurt the economy to cool inflation. This year, things look less dire.
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Biden Incentives for Foreign Investment Are Benefiting Factories
Early data suggest laws to increase semiconductor production and renewable energy technology have shifted the makeup of foreign direct investment — but not increased it.