BRUSSELS—European Union countries broadly agree they need to change EU laws to allow slower debt reduction, move away from complex calculated indicators and come up with an EU fiscal framework that is actually respected, senior euro zone officials said. The EU’s fiscal rules, called the Stability and Growth Pact, are to stop governments from borrowing…
Euro Zone Eyes Slower Debt Reduction Rule, Ways to Boost Compliance
What Happens If China Hits 5 Percent Growth?
News Analysis As China prepares for the muted Lunar New Year celebrations due to Omicron, it faces its largest challenges to economic growth. With 2022 the Communist Party version of an election year—a time when growth is typically boosted and credit loosened—China faces some of the deepest challenges to growth it has faced in some…
China’s Real Estate Crisis Sheds Light on More Debt Problems
News Analysis China’s real estate sector defaults are now spreading to other parts of the economy, with commercial paper and local government debts set to become the next crises. Shanghai Commercial Paper Exchange reported that companies controlled by real estate developers—Shimao Group Holdings, Kaisa Group Holdings, and Greenland Group—have been “consistently overdue” on commercial paper…
China’s 2022 Economy: A Paper Dragon Burning?
Commentary How will China’s economy perform in 2022? Under the current economic outlook, that question weighs heavily on the minds of China’s leadership. One short answer is, “It depends on who you ask.” But a much more honest one would be, “Much less than Beijing needs.” Beijing Managing Expectations Of course, if you ask the…
China’s Belt and Road Raises Debt and Pollution Among Poorer Countries
News Analysis China’s Belt and Road Initiative (BRI) was meant to increase the GDP of participating countries. In many countries, however, debt to China has increased, pollution has increased, and the trade deficit with China has increased; while GDP growth, associated with the BRI, has been elusive. A Silk Road to Debt In 2013, Chinese…
‘Free Money’ From China Promotes Corruption Along the Belt and Road
December 20, 2021
admin
AnalysisBRIChinaChina Business & EconomycorruptiondebtGlobal ExpansionOpinionSpecial TopicsThinking About China
0 Comment
News Analysis On Belt and Road projects, “China offers substantial financing, usually as loans, but Beijing is not a member of the Paris Club and has never supported globally recognized transparent lending practices,” said Ambassador Alice Wells, principal deputy assistant secretary of state for South and Central Asian Affairs. A lack of transparency in the…
IMF Warns of Interest Rate Risks as Global Debt Surges to Record $226 Trillion
The International Monetary Fund (IMF) has warned of interest rate risks with regard to the growing mountain of global debt, which jumped to a record $226 trillion in 2020 as governments unleashed unprecedented waves of stimulus spending to blunt the impact of the pandemic recession. IMF officials said in a Dec. 15 blog post that…
Sen. Scott Says ‘Unbelievable’ Inflation and Debt Now Biggest Concern
Sen. Rick Scott (R-Fla.) told CNBC’s “Squawk Box” in an interview Monday that “unbelievable” levels of inflation and debt are now his chief concern, with the Florida Republican’s remarks coming a day after a new poll showed 69 percent of Americans disapprove of President Joe Biden’s handling of inflation. “My biggest concern is this unbelievable inflation…
Sen. Scott Says ‘Unbelievable’ Inflation, Debt Now Biggest Concerns
Sen. Rick Scott (R-Fla.) says “unbelievable” levels of inflation and debt are now his chief concern, with the Florida Republican’s remarks coming a day after a new poll shows that 69 percent of Americans disapprove of President Joe Biden’s handling of inflation. “My biggest concern is this unbelievable inflation and this unbelievable debt. There is…
Got Debt? Do Something About It!
Doing something about consumer debt is good for your finances—and just about every other area of your life. Health Experts say there’s no question that carrying a lot of debt can be stressful, causing all kinds of health issues. It can result in worry, sleeplessness, communication breakdown, depression, and anxiety. Credit card debt takes a…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`