Thomas Piketty, the renowned economist, refused Chinese demands that he cut parts of his book if he wanted it published on the mainland.
Tag: Economic Conditions and Trends
India’s Economy Shrank Nearly 24 Percent Last Quarter
It’s the biggest decline of any major economy. Economists say once the impact on the country’s vast “informal” work force is taken into account, the damage might be even worse.
North Korea’s Leader Had Big Economic Plans. He Admits They’ve Failed.
Kim Jong-un’s blunt assessment led his country to plan a rare Workers’ Party congress for January to chart a new course after the country was hammered by sanctions, floods and the pandemic.
South Africa’s Big Coronavirus Aid Effort Tainted by Corruption
As South Africans cope with hunger in the pandemic, government efforts at delivering relief have floundered amid widespread allegations of fraud and mismanagement.
As Britain Climbs Out of an Economic Pit, Tough Questions Loom
The government’s aid programs are winding down, and officials are so far resisting pressure to extend them. But what if the virus resurges?
U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies
Millions of dollars of Paycheck Protection Program loans went to China-backed businesses in critical sectors, a study found.
Despite Historic Plunge, Europe’s Economy Flashes Signs of Recovery
European countries that have better contained the virus are poised for speedier economic recovery than the United States.
In Britain, the Economic Comeback Is in the Suburbs
Central London remains “very, very quiet” while shops and cafes outside town centers are seeing a fragile recovery.
China Tries Its Favorite Economic Cure: More Construction
Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.
As the World Gets Tougher on China, Japan Tries to Thread a Needle
Tokyo has not confronted Beijing as the United States and other allies have, mindful of its neighbor’s economic might and its own limited military options.