Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
Tag: Stocks and Bonds
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Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire
The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
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The Outlook for the Economy Has Improved. And Yet.
The prospects for a soft landing for the economy and the markets look better than they have in months. Our columnist is still worried.
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Trouble in China Pushes Hong Kong’s Hang Seng Into Bear Market
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.