Keith Bradsher
Posts
Pan Gongsheng Named Head of Chinese Central Bank
Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.
China’s Addiction to Coal Deepens in the Heat
While pledging to reduce carbon emissions, the country is greatly increasing its use of the fossil fuel to generate electricity.
One Reason China Is Willing to Engage Again: Its Troubled Economy
China was on track to recover after closing itself off during the pandemic. Now the country’s growth is staggering and Beijing is signaling it is...
China’s Second-Quarter G.D.P. Shows Post-Covid Rebound Faltered
Government data shows gross domestic product growth slowed in the second quarter from earlier in the year, even though it rose over the same period...
Janet Yellen’s Trip to China: 3 Takeaways
The U.S. Treasury secretary met with China’s new economic policy leaders and toned down Washington’s talk of “decoupling.” But the two nations remain at odds...
How Much Debt Does China Have?
A major lender abroad, China is facing a debt bomb at home: trillions of dollars owed by local governments, their financial affiliates, and real estate...
Can China Export Its Way Out of Its Economic Slump?
No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad.
China’s Central Bank Cuts Loan Prime Rates
The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.
Why China Doesn’t Have a Property Tax
Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate...