China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.
Category: Infrastructure (Public Works)
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China’s Cities Are Buried in Debt, but They Keep Shoveling It On
The New York Times – Business: -
Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
The New York Times – Business:He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
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Why Are Public Restrooms Still So Rare?
The New York Times – Business:Cities in the U.S. and elsewhere have made strides, but challenges remain.
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Biden Warns That Climate Change Could Upend Federal Spending Programs
The New York Times – Business:A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures, and the government’s role in adapting to them.
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China’s Economy Will Expand About 5 percent, A Cautious Target
The New York Times – Business:Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
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Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The New York Times – Business:The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
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‘The World’s Largest Construction Site’: The Race Is On to Rebuild Ukraine
The New York Times – Business:As the country’s leaders lay postwar plans, companies from around the world are jockeying for advantage in what could be a multibillion-dollar effort, although one loaded with risk.
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As Federal Cash Flows to Unions, Democrats Hope to Reap the Rewards
The New York Times – Business:In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official.
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Harris Announces Funding to Address Root Causes of Migration Crisis
The New York Times – Business:The vice president said private companies had pledged almost $1 billion to support communities in Central America.
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F.A.A. Outage Highlights Fragility of the Aviation System
The New York Times – Travel:The Federal Aviation Administration halted flights Wednesday morning after a system to alert pilots to safety issues went down, just two weeks after a major Southwest Airlines meltdown.
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As Infrastructure Money Lands, the Job Dividends Begin
The New York Times – Business:Trillions of dollars in government spending will profoundly affect the labor market, but in ways hard to measure, and mostly under the surface.