Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.
Tag: China
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What China Isn’t Telling the World About Its Economy
Beijing stopped releasing youth unemployment figures in its latest attempt to play down negative trends as growth stalls, and global concerns grow.
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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When Tragedy Strikes in China, the Government Cracks Down on Grief
The Chinese government represses public grief, withholding information and stanching displays of mourning to tell history the way it wants it told.
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Biden Describes China as a Time Bomb Over Economic Problems
The sharply worded comments are the latest example of the president’s willingness to criticize China even as he tries to ease tensions.