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CAIXINMEDIA

Will China Repeat Japan's 1980s Foreign Real Estate Bust?

The recent purchase of the Waldorf Astoria by a Chinese company recalls Japanese companies' buying sprees 30 years ago. And that didn't end well.

The Waldorf-Astoria hotel is now in Chinese hands.
The Waldorf-Astoria hotel is now in Chinese hands.
Li Junjie

-Analysis-

BEIJING — Those who study the overseas investments of Chinese enterprises are starting to get jitters. Japanese companies went on a foreign real estate buying spree in the 1980s that ended in serious losses, and the question now is whether China will repeat the same mistake.

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Society

End Of Roe v. Wade, The World Is Watching

As the Supreme Court decides to overturn the 1973 decision that guaranteed abortion rights, many fear an imminent threat to abortion rights in the U.S. But in other countries, the global fight for sexual and reproductive rights is going in different directions.

"Don't abort my right" At 2019 pro-choice march In Toulouse, France.

Alain Pitton/NurPhoto via ZUMA
Hannah Steinkopf-Frank and Sophia Constantino

PARIS — Nearly 50 years after it ensured the right to abortion to Americans, the United States Supreme Court overturned the Roe v. Wade case, meaning that millions of women in the U.S. may lose their constitutional right to abortion.

The groundbreaking decision is likely to set off a range of restrictions on abortion access in multiple states in the U.S., half of which are expected to implement new bans on the procedure. Thirteen have already passed "trigger laws" that will automatically make abortion illegal.

U.S. President Joe Biden called the ruling "a tragic error" and urged individual states to enact laws to allow the procedure.

In a country divided on such a polarizing topic, the decision is likely to cause major shifts in American law and undoubtedly spark outrage among the country’s pro-choice groups. Yet the impact of such a momentous shift, like others in the United States, is also likely to reverberate around the world — and perhaps, eventually, back again in the 50 States.

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