Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
Tag: Economic Conditions and Trends
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Fire in Johannesburg, South Africa, Kills 74
Johannesburg, with a severe shortage of affordable housing, has hundreds of illegally occupied derelict buildings that officials and housing advocates say have become firetraps.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.
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How Do We Manage China’s Decline?
Forget Thucydides’ trap. China is stuck in a version of Tocqueville’s paradox.