She Rose From Poverty as China Prospered. Then It Made Her Poor Again. Sun Junli is one of many small-business owners, the backbone of China’s economy, who lost everything to a change in government policy.
China’s Cities Are Buried in Debt, but They Keep Shoveling It On China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.