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: Economic Conditions and Trends
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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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Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent
The rapid expansion came as exports have risen and tourists have flooded the country.
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How to Make Sure Federal Climate Money Helps Everyone
The Biden administration is spending billions to transform how Americans use and consume energy. How can we make that process more equitable?
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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.