A largely empty urban district struggling with billions of dollars in debt demonstrates the breakdown of the Chinese economic growth model.
Tag: Credit and Debt
Imran Khan Calls for Vast Anti-Poverty Plan, but Money Is Tight
The Pakistani leader envisions the foundation of a welfare state. But he has not yet come close to turning the country’s debt crisis around to pay for it.
Ukraine Wins New I.M.F. Support as Tensions Rise With Russia
The International Monetary Fund agreed to a $3.9 billion line of credit for Ukraine, whose economy has struggled with corruption and a conflict with Russia.
One African Nation Put the Brakes on Chinese Debt. But Not for Long.
Sierra Leone canceled a $300 million airport loan. Then its president changed his tone. Across the continent, Beijing’s money often proves irresistible.