Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
Tag: China
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China Central Bank Cuts Key Interest Rate on Bank Lending
The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected.
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China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
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U.S.-Japan-South Korea Security Pact Likely to Deepen China’s Dismay
What its signers, Japan, South Korea and the United States, call deterrence, China characterizes as encirclement, even provocation.
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In China, Artists Create Miniature Homes From Memories
China’s rapid economic growth has meant the demolition of countless rural homes, and a burgeoning nostalgia. That’s where the miniaturists come in.