Finance & Economics
Freight Waves: Five years in, China’s Belt and Road looks like a giant debt trap
Five years in, China’s Belt and Road looks like a giant debt trap There’s mounting pushback among developing nations that China’s ambitious infrastructure project, the Belt and Road Initiative, is a debt trap. Countries using Chinese financing have seen public debt soar to unsustainable levels, and they’re increasingly worried about asset seizures. The Belt and…
Read MoreSCMP: Many Chinese companies ‘will go bankrupt’
Original Article: Many Chinese companies ‘will go bankrupt’, if US delivers on tariff threats, court newspaper warns In an opinion piece published on Wednesday by People’s Court Daily, Du Wanhua, deputy director of an advisory committee to the Supreme People’s Court, said that courts needed to be aware of the potential harm the tariff row could cause. “It’s…
Read MoreWhy China imports soybeans from the US?
source: https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/usa/chn/show/2016/ The entire squabble between Beijing and Trump, where they slap tariffs on each other like its just same children game, had shine the spotlight on one particular item, that China had just slap the tariff on: Soybean. A quick search on the MIT’s Observatory of Economic Complexity app, you will find the above visualisation (screenshot)…
Read More