Evergrande’s woes will hurt China’s recovery
By DW
30 September 2023 |
5:12 am
China's second-largest real estate developer is close to bankruptcy, leaving millions of property investors nursing heavy losses. Worst still, Beijing's post-COVID economic rebound will be further derailed.
In this article
Related
Related
2 days ago
Another showdown in the country that launched the so-called coloured revolutions. Georgia’s parliament has shrugged off some of the biggest protests in its post-Soviet history by approving a “foreign agents” bill that mirrors legislation in neighbouring Russia. The opposition argues it is the way for the government to curb media freedom and dissent in a country which only recently graduated to EU candidate status.
2 days ago
France has declared a state of emergency in its overseas territory of New Caledonia. Violence over a planned constitutional reform is threatening its already struggling economy. Plus, Boeing may face the criminal prosecution it had avoided back in 2021, with the US Justice Department accusing the planemaker of violating the terms of the deferred prosecution deal.
13 hours ago
The naira recorded its first appreciation against the dollar at the official foreign exchange market after weeks of depreciation. Analysts say the decline is due to decline in dollar liquidity in the official market. Dipo Ajayi, the Head, Fixed Income and FX at Chapel Hill Denham Securities, joins CNBC Africa for this discussion.
5 hours ago
Increasingly businesses are investing in Vietnam and setting up production sites there. While that move may lower their geopolitical risk in the short term, doing business in Vietnam has some drawbacks.
3 hours ago
Today the World Water Forum starts in Bali, where world leaders will discuss the sustainability of water resources for a week. To illustrate the issue of water management, we head to Panama. The Panama Canal, one of the world’s major maritime trade routes, has suffered a decline in its water levels ever since drought affected the country last year.
1 hour ago
Russian President Vladimir Putin has wrapped up his two-day visit to China, where he and his counterpart Xi Jinping pledged a "new era of strategic partnership". The two leaders had tea together and celebrated 75 years of diplomatic relations at a gala, with the Chinese leader giving his guest a warm hug.
Latest
53 mins ago
Eve Jackson brings you the latest from the Cannes Film festival including the premiere of Greek filmmaker Yorgos Lanthimos' “Kinds of Kindness” with Emma Stone, Willem Defoe, Margaret Qualley and Jesse Plemons. His last movie “Poor Things” took four Oscars earlier this year.
53 mins ago
Around the world, food insecurity is on the rise, with the cost of living crisis cutting many households off from nutritious meals. In France's Bordeaux region, 400 people have begun experimenting with a unique food security programme, aiming to make locally-grown food accessible to everyone - regardless of income.
53 mins ago
This week we take a closer look at the Green Transition in Europe - from the invaluable invertebrates in the soil beneath us, to the end of obsolete coal mines and the revolution in transport, our show investigates just how fast Europe is becoming greener - and how to ensure no-one is left behind in the race to decarbonise.
1 hour ago
A new bill in Georgia requires media, nongovernmental organisations and other nonprofit groups to register as “pursuing the interests of a foreign power” if they receive more than 20 percent of their funding from abroad.
1 hour ago
Governments face increased borrowing, taxes and public sector cuts to finance their soaring military budgets. European NATO members are set to spend a record $380 billion on defense this year — a tough sell to voters.
3 hours ago
Which hospital in Germany offers which services at which level of quality? The government is launching a new online "atlas" tracking this. The health minister said it offered a "clear guide through the hospital jungle."
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.