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Why is there a real estate crisis unfolding in China?

Massive debt amongst property developers like Evergrande have led to incomplete buildings and angry homebuyers.
"Property developers have run out of money." said Jennifer Pak, Marketplace's China Correspondent.
LIU JIN/AFP via Getty Images

Fans in China bemoan the departure of Airbnb and Kindle

Jul 26, 2022
Loyal users of the companies say they didn't try hard enough to acquire users in addition to making basic missteps.
A subway commuter in Shanghai uses a Kindle in July.
Charles Zhang/Marketplace

Why is China reducing its U.S. debt holdings?

Jul 19, 2022
China cuts it U.S. debt portfolio to under $1 trillion, possibly to support its currency or reduce exposure to potential U.S. sanctions.
One reason China may be shedding U.S. Treasurys is to control the depreciation of its currency, the yuan, which has lost value as the dollar has strengthened.
Olivier Douliery/AFP via Getty Images

Shanghai's lockdown has eased, but businesses are still tallying the costs

Jul 14, 2022
Shanghai's lockdown crippled supply chains and logistics. Materials and transport costs climbed, and there have been personal struggles too.
Authorities put barriers around Shanghai streets to enforce the severe lockdown in the spring.
Charles Zhang/Marketplace

Biden's tariff choice: Cut them in hopes of easing inflation or keep them as leverage against China

Jul 5, 2022
The Treasury secretary and the trade representative disagree on the issue.
President Biden could reportedly make a decision about rolling back tariffs on some Chinese goods as soon as this week. In his Cabinet, opinions on the issue differ.
Brendan Smialowski/AFP via Getty Images

A quarter-century after the handover, is Hong Kong still attractive as a business hub?

Jun 29, 2022
Crackdowns by Beijing and severe COVID restrictions have undermined its status. Friday marks the anniversary of the transfer of control.
The Hong Kong skyline at sunset. The territory has seen security crackdowns and severe COVID restrictions, and many residents have left in recent years. Friday marks 25 years since its return to Chinese rule.
Anthony Kwan/Getty Images

Chinese group faked social media posts against a planned Texas rare-earth metal plant, researchers say

Jun 29, 2022
China produces the majority of the world's rare-earth metals. It's likely trying to maintain its control of global production, researchers say.
The disinformation campaign, if sponsored by the Chinese government, would mark a departure from previous efforts that have been more political in nature.
Johannes Eisele/AFP via Getty Images

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Is China's an upwardly mobile society? “Ascension” examines the Chinese dream.

The Oscar-nominated documentary explores the rise of China's middle class, zeroing in on an economy in transition.
The Oscar-nominated documentary explores the rise of China's middle class, zeroing in on an economy in transition.
Visit Films

How Shanghai's DIY supply chains helped us live through the long COVID lockdown

Jun 6, 2022
What happens when supply chains collapse and it's up to district governments, neighbors and friends to fill the gap?
A volunteer clad in safety gear delivers food during the lockdown while Shanghai residents were not allowed to leave their apartments.
Charles Zhang/Marketplace

How to rank the world’s economic superpowers, according to Ray Dalio

Jun 3, 2022
Also, why Dalio says we’re entering a period of stagflation.
Bridgewater Associates founder Ray Dalio said the U.S.’s relative power on the world stage is deteriorating while China’s is growing.
Eoin Noonan /Web Summit via Getty Images