China has loaned $1.3 trillion for infrastructure projects from Asia to Latin America to boost trade. DW asks how China will ensure those debts are repaid. China’s massive Belt and Road Initiative (BRI) — backing and often...
China’s economic malaise is weighing heavily on East Asia as a whole, one of the world’s key economic engines. But reforms in one sector could work wonders, the World Bank says. East Asia has been...
Three decades after China enshrined the goal of a “socialist market economy” in its constitution, the era of “reform and opening up” appears to have ended, say experts. Thirty years ago, on March 29, 1993, China formally...
Moscow has failed to meet a deadline for over $40 billion in outstanding debts, as Western sanctions squeeze the Russian economy. The Kremlin has downplayed the news, insisting it has enough to pay what it...
The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing...
The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...
French President Emmanuel Macron is pushing to water down the eurozone’s budget criteria. But some economists don’t think that’s a good idea. Less than a year before France’s next presidential elections, President Emmanuel Macron seems...
Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in...
With the US and other countries throwing their weight behind Juan Guaido as Venezuela’s legitimate leader, time seems up for the Maduro government. But keeping the debt-ridden country afloat will prove a massive task. National...
Italy’s economy contracted in the last two quarters of 2018, and the slowdown is expected to continue into 2019. Italy’s problems are having their effects on the rest of the eurozone. Italy’s gross domestic product...
Oceanwide Plaza – a three-tower condominium, hotel, and retail complex expected to cost over $1 billion – is one of the largest real estate projects in downtown Los Angeles. It was scheduled to be completed...
Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of July, compared to a year ago, to...
