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Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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New Business

Opinion | The era of the entrepreneurial Chinese local government is over

Decentralisation of decision-making from the central government to local authorities is widely regarded as one of China’s most effective policy…

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New Business

Opinion | How America’s national debt has become the world’s liability

Put in perspective, the size of the global financial system per the Financial Stability Board at the end of 2022…

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New Business

China’s non-financial debt growth slows with firms and households unwilling to leverage up

Growth of debt within China’s non-financial sectors fell to the lowest level in more than two decades in the second…

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New Business

Opinion | US must ground its economic policy in reality, sooner rather than later

This is not a narrative that the Biden administration will be anxious to have broadcast in the run-up to the…

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New Business

Pakistan budget to significantly reduce government debt, rating agency Fitch predicts

Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by…

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