China Economy

Newsweek dives into why Airbnb is closing its business in China. The company has officially announced it is shutting down operations in the country.

Though Bannon has constantly bashed China, that didn't stop him from going into business with the Chinese billionaire.

Brazil's $61 billion trade surplus in 2021 showed a moment of growth.

The removal of the comments and reviews happened two years ago and was prompted by a negative review.

Bloggers said that at some sites there's been "no construction for months" and in other areas where construction has begun "there are fewer than 10 workers."

The deal would have secured Evergrande with $2.6 billion ahead of a Saturday deadline marking the end of a 30-day grace period on its missed loan payment.

The delay comes as Evergrande nears the end of the 30-day grace period on a missed bond payment from September.

Scott Kennedy, trustee chair in Chinese business and economics at CSIS, said that trust hinges on the bank's intentions.

These meetings come as the company has missed three loan payments and oversees a number of unfinished developments.

The director of the financial markets department said the government would ensure individual house purchases were safe.

"It's one thing to say that the problem is controllable, it's another to control it," said Logan Wright of the Rhodium Group.

Evergrande's property management wing represented close to 3,000 properties and employed roughly 6,000 employees. Its sale will generate over $5 billion.

Under the transaction, the Chinese state becomes the largest shareholder of the bank that has suffered due to Evergrande's financial woes.

Business with Evergrande accounts for 90 percent of Guo Hui's business. Unpaid dues from the company have put his business on the verge of bankruptcy.

While Evergrande has not commented about the payments, foreign bondholders have announced that payments have not been received.

BlackRock acquired 31.3 million notes of Evergrande's debt between January and August of this year.

Questions remain over whether Evergrande was able to afford an $83 million debt payment due this Thursday. With 30 days remaining before the firm would default on such a payment, Beijing appears to be looking to prevent major fallout should a collapse occur.

"If any of these risks do materialize, we would be most concerned about the demand spillovers from a big decline in Chinese construction activity," Capital Economics writes.

He criticized China's economic expansion initiatives during a speech in Grand Rapids, Michigan, on Thursday.

The U.S. can use the Middle East to economically pivot away from China.

"Local police will assist in improving traffic in the area, in order to lessen the disturbance to our neighbors, and we have improved our internal guest flow system," Costco said in statement apologizing to shopper.

It is the country's sharpest drop in exports since 2009.

The U.S. is preparing to enforce a ban on exports to ZTE for flouting Iran sanctions.

Economic sanctions against North Korea have done little to change it.

Two workers were taken to hospital after the accident in Fengcheng, Jiangxi province.

Icahn, a huge Apple fan, sold his 45.8 million shares, citing China's economic slowdown and fears about business becoming more prohibitive.

From hotels to agrochemicals, there has been a huge wave of Chinese direct investment in both the United States and Europe.

Newsweek Europe digital editor Serena Kutchinksy takes us inside this week's issue.

The deal is reportedly worth £23.5 million a year after tax.

As Japan resorts to negative interest rates and stocks tumble, China must be worried that it's on the same economic track.