DAISUKE WAKABAYASHI
Posts
Country Garden, Chinese Real Estate Giant, to Miss Debt Payments
The property giant was unable to repay a loan and signaled it would default on its debt, becoming one of the biggest casualties of China’s...
China Evergrande’s Problems Are Only Getting Worse
The Chinese property developer’s efforts to restructure more than $300 billion in debt are being complicated by criminal investigations into current and former executives.
Alibaba, China’s E-Commerce Giant, Will Split Into Six Units
The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.
China’s Covid Lockdowns Strand Tourists
Tens of thousands of domestic travelers were stuck at their summer vacation destinations after local outbreaks forced them into quarantine.
Real Estate Crisis Is at the Heart of China’s Economic Troubles
In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.
Global Stock Sell-Off Continues as Economic Concerns Mount
The losses in China, Japan and Australia followed weakness in the United States, where stocks closed in bear market territory.
Google’s I/O Conference Offers Modest Vision of the Future
Artificial intelligence is being woven into an array of the company’s products. But the change — for now — is subtle.