The drama over raising the U.S. debt ceiling has been closely observed and also strongly criticized in China. From CBS News: Chinese websites have been flooded with comments criticizing Washington for seemingly ignoring the...
Read MoreAt the Huffington Post, Joshua Hersh suggests that the US debt crisis is undermining the credibility of American government and the very principles it embodies. “These kinds of debates have been a constant in our political...
Read MoreAs the US “steers head on towards a debt ceiling iceberg”, Evan Osnos notes the muted reactions from China and other Asian countries which, he suggests, have “learned to price in American political...
Read MoreAs the U.S. Congress and Obama Administration are engaged in a protracted and bitter battle over the federal budget and debt ceiling, China, the United States’ largest creditor, is also getting involved. From the New York...
Read MoreThe New York Times reports from Wuhan on the extensive redevelopment plans for the city and the problem of local debt incurred by Chinese cities’ ambitious building projects: The plans for Wuhan, a provincial capital about...
Read MoreFrom afar China appears to be staying afloat of the massive economic crisis affecting the world. The Diplomat takes a closer look into the tenuous economic structure keeping China ahead of the rest of the world. China appeared...
Read MoreBeijing is to take on some 2-3 trillion yuan of local government debts according to Reuters, hoping to stave off a wave of destabilising defaults in the future. As part of Beijing’s overhaul of the finances of...
Read MoreThe yuan has been appreciating relative to the dollar for some time now. Amidst renewed concerns about U.S. debt, many analysts expect that the yuan will continue to rise. From the Wall Street Journal: China’s yuan rose to...
Read MoreThough China remains America’s largest creditor by virtue of holding the largest amount of U.S. debt through Treasury bonds, China has also been selling a large portion of them in order to diversify risk. From the...
Read MoreThe worst drought in perhaps a century is hitting Yunnan and other areas of southern China, decimating crops and destroying farmers’ livelihoods. The New York Times reports: This drought is southern China’s worst,...
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