Policies meant to lure importers to Hainan, a resort island off China’s coast, signal an opening up, Beijing says. One expert calls it a “bait and switch.”
Category: Economic Conditions and Trends
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How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains
After spending nearly $50 billion to expand the country’s Tengiz oil field, Chevron and its partners encounter more uncertainty.
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Cheap Solar Is Transforming Lives and Economies Across Africa
Chinese panels are now so affordable that businesses and families are snapping them up, slashing their bills and challenging utilities.
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How Much More Can the U.S. Travel Industry Take?
Politics and border hassles have chased away foreign visitors, costing businesses billions. Some fear next year’s World Cup won’t be enough to bring tourists back.
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‘A Singularly Turbulent Time’: Deeper Uncertainty in Store for Global Economy
A reordering of the rules of trade, set on top of transformational change in technology, demographics and climate, is remaking jobs, politics and lives.
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Bank of Japan Raises Interest Rates to Highest Level in 30 Years
The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up industry and support households.
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Interest Rate Cut and Slower Inflation Offer Britons a Reprieve
Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.
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China Approaches First Investment Decline in 3 Decades
A broad measure of investment fell more than 10 percent in November, continuing a recent reversal and signaling the depth of China’s property crisis.
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Historic Shift Underway in China’s Economy as Investment Slump Deepens
Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world.
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U.K. Budget Plan Calms Markets and Labour Faithful. Will It Appeal to Voters?
The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
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A Major Moment for the British Economy: What to Watch in the U.K. Budget
Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
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Britain’s Most Unpopular Chancellor in Decades Faces Another Big Test
Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.