Chinese Economy

Ellanjay

Council Member
Apr 11, 2020
1,643
236
63

Protests After China Asset Manager Misses Payments | China In Focus​



Protests have been sparked in China. Investors are now demanding their money back as another Chinese asset manager misses debt payments. So what's the situation with China's real estate crisis? American financial giant JPMorgan Chase said China's economy is staring down the barrel of a “vicious cycle.” Meanwhile, the head of the Chinese Communist Party is calling for "patience." The Inflation Reduction Act has marked its one-year anniversary. Biden touted the achievements, but who is really reaping the benefits?

 

Ellanjay

Council Member
Apr 11, 2020
1,643
236
63

China’s Evergrande Files for Bankruptcy in NY Court | China In Focus​


Chinese real estate company Evergrande filed for bankruptcy protection in the United States. Companies covering 40 percent of Chinese home sales have defaulted. Flooding continues in Southern China. Torrents washed people away and streets turned into rivers. President Joe Biden is hosting two treaty allies Japan and South Korea Friday—a first standalone summit between the three powers. What message is it sending to China?