Focus
china local government debt
China’s Third Plenum Planners Face Big Problems Besides Property Crisis
China’s local governments have supported growth through heavy borrowing and spending big, but their debt loads are another hurdle to China’s development.
China’s Financial Outlook Gets Another Downgrade
Fitch allows China to keep its still-high credit rating but, to the finance ministry’s chagrin, downgrades the country’s outlook.
Why Chinese Consumers Feel So Blue
Beijing needs an active consumer to drive economic growth, but Chinese households, with reason, don’t want to play along.
CCP Cuts Police Force, Experts Point to Economic Crisis and Past Collapses of Former Communist Regimes
The regime’s cutting of local police stations due to high local governments debts amid unrest resembles the signs of collapse of former Communist Bloc regimes.
