China Economy
Why Airbnb is Shutting Business in China and Removing Listings
Newsweek dives into why Airbnb is closing its business in China. The company has officially announced it is shutting down operations in the country.
Bannon May Rail Against China, But His Chief Bankroller is Chinese National
Though Bannon has constantly bashed China, that didn't stop him from going into business with the Chinese billionaire.
As Investors Flee Brazil, Will U.S. or China Emerge as Its Next Partner?
Brazil's $61 billion trade surplus in 2021 showed a moment of growth.
Amazon Removed Reviews of Xi Jinping's Book on Orders From Beijing: Report
The removal of the comments and reviews happened two years ago and was prompted by a negative review.
Evergrande Posts Images of 'Construction' Online as Shares Fall to New Low
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."
Evergrande Asset Dump Fails, No Progress on Other Sales Ahead of Deadline
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.
Evergrande Sale Delayed as Company Seeks to Avoid Default
The delay comes as Evergrande nears the end of the 30-day grace period on a missed bond payment from September.
Can Wall Street Trust the People's Bank of China?
Scott Kennedy, trustee chair in Chinese business and economics at CSIS, said that trust hinges on the bank's intentions.
Evergrande CEO Prepares to Break Apart Company in Attempt to Avoid Default
These meetings come as the company has missed three loan payments and oversees a number of unfinished developments.
People's Bank of China Says Evergrande Debt Situation Is 'Controllable'
The director of the financial markets department said the government would ensure individual house purchases were safe.
What China's Recent Real Estate Company Woes Means for Its Economy
"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 Offloads Property Management Wing in Attempt to Stay Afloat
Evergrande's property management wing represented close to 3,000 properties and employed roughly 6,000 employees. Its sale will generate over $5 billion.
China Seeks to Avoid Evergrande Default With Purchase of Stake in Bank
Under the transaction, the Chinese state becomes the largest shareholder of the bank that has suffered due to Evergrande's financial woes.
Evergrande's Looming Default Rattles China's Small Businesses
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.
Evergrande Appears to Miss $83 Million Payment, What That Means for Company
While Evergrande has not commented about the payments, foreign bondholders have announced that payments have not been received.
BlackRock Could See Short End of the Stick in Divvy Up of Evergrande Assets
BlackRock acquired 31.3 million notes of Evergrande's debt between January and August of this year.
Evergrande Shares Jump as China Asks Company to Avoid Near-Term Default
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.
How Evergrande Could Disrupt the Global Economy if Fall Hits China Hard
"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.
AG Calls China the World's 'Arsenal of Dictatorship' Over Economic Policies
He criticized China's economic expansion initiatives during a speech in Grand Rapids, Michigan, on Thursday.
How to Decouple Key Supply Chains From China
The U.S. can use the Middle East to economically pivot away from China.
Costco Opens First Store in 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.
China Exports Fall as Trump 'Trade War' Prospect Looms
It is the country's sharpest drop in exports since 2009.
Chinese Smartphone Manufacturer ZTE to Shed 3,000 Jobs
The U.S. is preparing to enforce a ban on exports to ZTE for flouting Iran sanctions.
North Korea: China-U.S Deal Work Better Than Sanctions
Economic sanctions against North Korea have done little to change it.
At Least 67 Killed in China Power Plant Collapse
Two workers were taken to hospital after the accident in Fengcheng, Jiangxi province.
Carl Icahn Dumps Apple Over China Woes
Icahn, a huge Apple fan, sold his 45.8 million shares, citing China's economic slowdown and fears about business becoming more prohibitive.
China Inc. Is on a Spending Spree Abroad
From hotels to agrochemicals, there has been a huge wave of Chinese direct investment in both the United States and Europe.
Inside This Week's Magazine: China's Economic Future
Newsweek Europe digital editor Serena Kutchinksy takes us inside this week's issue.
Lavezzi Moves to China for Reported £400,000 a Week
The deal is reportedly worth £23.5 million a year after tax.
Will China Follow Japan Into Economic Stagnation?
As Japan resorts to negative interest rates and stocks tumble, China must be worried that it's on the same economic track.