Yesterday
Xi steps up economic aid with new debt issuance, PBOC visit
China’s legislature approved a plan to raise the fiscal deficit ratio for 2023 to about 3.8pc of GDP— well above the 3pc set in March.
- Bloomberg News
This Month
Ballooning debt could ‘come to a head’: Hockey
The former treasurer and ambassador to Washington worries that lax, spendthrift populism could turn unsustainable debt burdens into a default crisis.
- Hans van Leeuwen
- Opinion
- Opinion
This is the epicentre of the next financial blow-up
A staggering $US350 billion of low-cost loans taken out by highly geared companies have to be refinanced in the next three years.
- Karen Maley
US consumer prices rise at brisk pace for second straight month
The core consumer price index, which excludes food and energy, increased 0.3pc in September – another reminder that the path to 2pc inflation will be choppy.
- Matthew Cranston
Country Garden caves to debts as China’s real estate crisis worsens
Country Garden, once China’s largest home builder, said it was unable to repay a loan, signalling it was likely to default with near $300 billion in liabilities.
- Daisuke Wakabayashi
Pay gap pioneer Claudia Goldin wins Nobel economics prize
The Harvard economist has devoted decades to identifying the sources of gender pay discrimination and the deep-rooted inequality for women in the workplace.
- Simon Johnson and Johan Ahlander
- Opinion
- Opinion
Are we about to witness a replay of the eurozone debt crisis?
Many eurozone countries are now confronted with the highest borrowing costs in more than a decade, as the era of ultra-low interest rates comes to a brutal end.
- Karen Maley
China’s weak prices bring hope to West’s Christmas shoppers
Slow economic activity and a property sector downturn have depressed commodity prices and reduced input costs.
- William Langley and Chan Ho-him
US economy adds 336,000 jobs in stunning gain
Markets recovered on a strong September labour force report that showed a resilient economy but worsened ′ fears of another Federal Reserve rate rise.
- Updated
- Christopher Rugaber
Lower weekly jobless claims boost US economic picture
The American economy’s continued resilience raises the risk of Federal Reserve lifting rates again by the end of the year.
- Lucia Mutikani
- Opinion
- Opinion
China becoming a ‘country of old men’
As things stand, a declining population is set to slow the economy’s growth, prompting a need for changes to the retirement age and internal migration rules.
- Martin Wolf
Asia faces one of its worst growth outlooks in 50 years: World Bank
The World Bank said it now expected China’s economic output would grow 4.4 per cent in 2024, down from the 4.8 per cent it expected in April.
- Edward White and Mercedes Ruehl
China pins hopes for economic boost on Golden Week holiday
Economists will be watching whether Chinese consumers use the eight-day break to spend not only on restaurants and outings but also on bigger-ticket items like property.
- Joe Leahy
September
China’s economy stabilises, factory activity expands
The expansion in Chinese factory activity adds to a run of indicators that suggest the world’s second-largest economy has begun to bottom out.
- Ryan Woo and Tina Qiao
Underlying US inflation pressures subside in August
But the report from the US Commerce Department showed overall prices remaining elevated, partly because of higher gasoline prices.
- Lucia Mutikani
GDP revision gives Sunak pre-conference boost
The upward revision announced by the Office for National Statistics on Friday means Britain is no longer lagging every other major industrial nation in its recovery from the pandemic.
- Andrew Atkinson and Philip Aldrick
How Xi Jinping is taking control of China’s stock exchange
By using listing and trading rules to direct capital into sectors that fit his priorities, the president wants the market to serve the state.
- Hudson Lockett and Cheng Leng
- Opinion
- Opinion
America’s mini economic miracle may be fleeting
Biden-era spending has turbocharged growth — but the resulting debts may bring pain. When the stimulus and other temporary boosts wear off, the American economy could settle into a long, slow grind.
- Ruchir Sharma
Bank of England hits pause on rate rises
In a tight vote, the central bank decided to let the impact of 14 straight interest rate increases play out, as inflation and the economy begin to cool.
- Hans van Leeuwen
- Opinion
- Opinion
Why we should worry about the US commercial property crisis
The deepening US commercial real estate crisis poses a fresh threat to small and midsize US banks, threatening to reignite the crisis of earlier this year.
- Karen Maley
