China’s real estate crisis is hitting small, unattractive cities like Shaoguan hard. This city of 3.3 million residents in the far south of the country has a stock of empty apartments that could take 10 years to sell.
Tag: credit
A default would be one of the clearest signals that the sanctions are having their intended effect on the Russian economy. But its impact on Russia’s ability to wage war in Ukraine may be another story.
Colombia is a prime example of how overspending and indebtedness leave little room for error, and why it’s important to take a new approach moving forward.
BEIJING — Two events this spring, seemingly unrelated, together offer a snapshot of where China has arrived in finance-related technology, commonly referred to as “fintech.” On April 17, the Bank of Communications, one of the largest Chinese banks, launched a new “mobile credit card” product, making it the first bank to make a credit card’s […]
Like other Latin American countries, Bolivia has squandered commodity revenue and failed to make the hard reforms necessary to bolster the economy for the long haul.
After 15 years of living and working in the United States, a Die Welt correspondent says good-bye, not only to his adopted country but also to the pre-9/11 grandeur the U.S. once enjoyed.
Moscow’s goal be an exporter of manufactured goods must be done in the face of major political and financial uncertainties.