Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Tag: Credit and Debt
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Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
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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How China Keeps Putting Off Its ‘Lehman Moment’
Chinese regulators have proven the financial doomsayers wrong again and again. But their biggest test may yet lie ahead.
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Support Grows to Have Russia Pay for Ukraine’s Rebuilding
Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
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Banks Are Borrowing More From the Fed: What to Know
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.