President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.
Category: Economic Conditions and Trends
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Chinese Unrest Over Lockdowns Upends Global Economic Outlook
Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
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Stocks Drop as Economic Worries Weigh on Sentiment
After turmoil in China set a negative tone, a Fed governor suggested the market was underestimating the chance that the central bank would have to keep raising rates.
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Ukraine War Continues to Slow Global Growth, New Report Says
“Risks remain tilted to the downside,” the Organization for Economic Cooperation and Development said, predicting economies will grow only 2.2 percent next year.
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Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’
China wants to fine-tune its stringent pandemic restrictions to reduce the disruption to daily life caused by lockdowns. But officials are still taking few chances.
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Many States Are Sending Checks to Help Residents With Inflation
Up to 20 are using some of their budget surpluses to help taxpayers deal with high inflation. But some economists worry that the payments could fuel inflation.
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A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.
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Engineers From Taiwan Bolstered China’s Chip Industry. Now They’re Leaving.
The lure of money and new opportunities enticed talent to work in China’s semiconductor plants. The looming Cold War in tech changed the calculus.
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Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs
Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.
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Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation
The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.