slowmotion

EU-China trade relations in ‘slow-motion train accident’: business group

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A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China’s growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce … Read more

What China’s slow-motion property crisis means for the global economy

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China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities’ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why. “It’s important to recognize … Read more