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China's Economy

COVID-19

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

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

by Justin Ho
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
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China's zero-COVID restrictions put pressure on businesses

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

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

by Nancy Marshall-Genzer
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
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Evergrande investors in China are worried but holding on

by Jennifer Pak
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

by Jennifer Pak
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
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Why is Evergrande shaking markets?

by Sabri Ben-Achour
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.
Noel Celis/AFP via Getty Images
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Can well-off young women save China's economic recovery?

by Jennifer Pak
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
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The future of the Hollywood-China romance

by Jennifer Pak
Aug 27, 2021
Despite restrictions on imported films in China, Hollywood movies easily topped the Chinese box office for more than two decades. Not anymore.
The Chinese blockbuster "Detective Chinatown 2" was filmed in New York. Movies made in China and other countries have become very competitive with Hollywood offerings in the Chinese market.
Courtesy Mtime
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