Xi Jinping enhanced China’s sway in the world by lending money for infrastructure. Now he’s collecting debts and rethinking his signature aid initiative.
Tag: Economic Conditions and Trends
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China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
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In China, Businesses Cut Prices as Consumers Spend Less
Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
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Keir Starmer, UK Labour Party Leader, Vows to Rebuild Britain Amid Protest
Keir Starmer, the leader of the U.K. opposition, brushed off an unexpected onstage protest to make a pitch that his party could rebuild the country after 13 years of Conservative rule.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”