Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy.
Category: Politics and Government
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
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Britain and Tata Agree to $1.6 Billion Package for Steel Mill
The plan aims to cut both emissions and financial losses at Britain’s largest steel mill, but a union says it will also put many jobs at risk.
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Will Restart of Student Loan Payments Be the Last Straw for Consumers?
Americans have continued spending despite dwindling savings and inflation. But retailers worry resuming loan payments could push some over the edge.
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Ireland’s Latest Fiscal Headache: What to Do With 10 Billion Euros
The government in Dublin has a big budget surplus, thanks to its low tax rate for multinationals. Build more housing? Or a subway? Sock it away? Whatever the case, someone will be unhappy.
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Wally Adeyemo, the Deputy Treasury Secretary, to Visit Nigeria
Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.
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European Union Will Investigate Chinese Subsidies of Electric Cars
The European Commission president, Ursula von der Leyen, announced the inquiry amid growing concern about China’s dominance over electric vehicles.
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India Wants to Become a Chip Making Superpower
India’s government, seizing on the world’s desire to reduce reliance on China, is offering billions to build an entire semiconductor ecosystem on vast empty plots.
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Chinese Warnings on iPhones Tap Deep Strain of Security Concerns
For years, officials in China have been told to shun foreign devices. Now reports of renewed curbs have unnerved Apple’s investors, heightening geopolitical tensions.
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China May Ban Clothes That Hurt People’s Feelings. People Are Outraged.
A proposal evokes memories of 1980s China, when opening up to the world set off a debate over flared pants and men with long hair, what the party called “weird attire.”
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Daniel Zhang Steps Down From Alibaba
Daniel Zhang, who had been expected to give up his chief executive and chairman roles this month, is also leaving as head of the company’s cloud division.