Beyond U.S. tariffs, the deeper economic drag in China is domestic: weak demand, a deflationary price war, debt laden local governments mortgaging assets, and collapsing trust between private business and the state.
Tag: pcc
A hot-mic chat between the Russian and Chinese leaders echoes a century of utopian schemes to defeat mortality.
SÃO PAULO – It was February 10th, 2011, Penitentiary No. 2 in Presidente Venceslau, a rural town in Brazil’s São Paulo state. At 4:51 P.M., a secret conference call began by mobile phone with two prisoners and three criminals on the outside – the conversation would go on without interruption for nine hours and 38 […]
TABOÃO DA SERRA – It was Tuesday, 2 a.m., and D. was lying on her sofa, trying to get some sleep. Bang…Bang…Bang. “It sounded like somebody was shooting inside here,” she recalled. D. crouched, waited for the shots to stop, and left home to check the street. She opened the front door and, three meters […]