China’s economy is a mess. Why aren’t firms going under?

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Evergrande is fighting for its life. On October 30th the property developer was granted its fifth, and probably final, stay of liquidation by a court in Hong Kong. Yet the situation on the mainland is […]

As China fixes its property mess, can foreign capitalists benefit?

Overseas investors have been pecking at the Evergrande empire for well over a year. They have so far come away with very little. The Chinese company, which is the world’s most indebted property developer, with some $300bn in liabilities, defaulted in late 2021 and has been fending off creditors ever since. When the firm delayed […]

Is there a fix for Japan’s markets mess?

Kuroda Haruhiko entered the Bank of Japan (boj) with a bang. Upon becoming governor in 2013, the former finance-ministry official fired a “bazooka” of easy money in an attempt to end decades of stagnation. The boj committed itself to buying vast amounts of assets and introduced negative interest rates in pursuit of a 2% inflation […]