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

As U.S. interest rates rise, China's are headed in the opposite direction

May 20, 2022
Here in the U.S., the Fed is trying to cool an overactive economy. In China, the goal is to juice one that's flagging.
As the U.S. economy tries to slow down inflation by raising interest rates, China's central bank is lowering interest rates to spur economic growth.
Nicolas Asfouri/ AFP via Getty Images

China's zero-COVID restrictions put pressure on businesses

Apr 15, 2022
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.
The Yangshan Port near Shanghai. Even goods and cargo are tested for COVID-19 under China's aggressive anti-contagion policy.
Johannes Eisele/AFP via Getty Images

What has the U.S.-China trade war achieved?

Feb 25, 2022
The U.S. and China have been engaged in a trade war for nearly four years. What's the scorecard?
Johannes Eisele/AFP via Getty Images

Biden pressures China on commitments to buy U.S. goods and services

Nov 16, 2021
This is part of the phase one trade deal China signed with the Trump administration. But those goals may have been unrealistic.
President Joe Biden meets with Chinese President Xi Jinping during a virtual summit Monday.
Mandel Ngan/AFP via Getty Images

Evergrande investors in China are worried but holding on

Oct 26, 2021
Evergrande is among the three biggest property developers in China and it seems to have the backing of the Chinese communist party.
Evergrande founder Xu Jiayin overlooking China's communist party 100th birthday celebrations on Beijing's Tiananmen square. This photo was widely circulated in China's business press and boosted the perception that Evergrande is too big to fail.
Screenshot of Sina

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Evergrande crisis hits China's investors, homebuyers

Sep 23, 2021
The Chinese property giant Evergrande was known as a risky business operator, but for years investors didn't seem to care — until now.
Evergrande could manage its debt while real estate values climbed, but in many places sales have weakened and regulators have made it harder for developers to borrow.
Charles Zhang/Marketplace

Why is Evergrande shaking markets?

Sep 21, 2021
The Chinese property developer is "potentially representative of a much broader set of problems across China's real estate sector," one expert says.
A woman drives her motorbike at the façade of an Evergrande housing complex in southeastern China on Sept. 16. The company is some $300 billion in debt.
Noel Celis/AFP via Getty Images

Can well-off young women save China's economic recovery?

Sep 13, 2021
Women drive the bulk of household purchasing decisions in China. What do they want to spend their money on?
Finance major Zhou Hui, 19, spends up to $700 a month on clothing and eating out, which the COVID-19 pandemic didn't change.
Charles Zhang/Marketplace