Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
Tag: Foreign Investments
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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.”
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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
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Higher Rates Stoke a Growing Chorus of Deficit Concerns
A long period of higher interest rates would make the government’s large debt pile costly, a possibility that is fueling a conversation about debt sustainability.
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Nio Loses $35,000 a Car. That Should Scare the U.S. and Europe.
Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.