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Tag: economic crisis

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Sri Lanka in Chaos, Protesters Burn Down the Homes of 38 Politicians, Troops Ordered to ‘Shoot on Sight’
Rage has boiled over in Sri Lanka. Reports have surfaced that protesters have burned down the homes of 38 politicians with at least another 75 being damaged. Meanwhile, according to CNN, the government has ordered...
The economic consequences of COVID pandemic spending and lockdowns are so severe that 1 in 3 retailers could not pay April rent, a survey found.
1 in 3 Retailers Couldn’t Make Rent in April: Study
More than a third (34 percent) of North American retailers could not make ends meet and pay their rent in April due to inflation, gas prices, and supply chain issues. The alarming number of delinquencies...
Russia Turns to Chinese Services as Mastercard, Visa, American Express Cancel the Kremlin
While China’s banks and its homegrown payments system could offer Russia a much-needed respite from crippling Western sanctions, Beijing has been toeing a careful diplomatic line between trying to maintain ties with Moscow in the...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be released on Jan. 17 will likely show a drastic drop in economic growth. Economists' median forecast has placed...
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The Economic Scenario Beijing Fears Most Is Just Around the Corner
News analysis On Dec. 8 through Dec. 10, China held its annual Central Conference on the Economy in Beijing. The meeting is the highest level of economic analysis and decision-making of the Chinese Communist Party...
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Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis Worsens
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders with the latest instructions on economic policy and social development, while indicating the severity of the country’s economic situation.  Speaking...
Xi and Trump Negotiate 90-Day ‘Cease-fire’ in China-US Trade War
With the United States and China increasing tariffs on each others’ exports since the start of the trade war this spring, the meeting between the countries’ leaders on Dec. 1 in Argentina at the G-20...