The country’s student population has become increasingly mobile, fueling investments in accommodations, largely funded by foreign capital.
Tag: Foreign Investments
With Property Sales Plunging, China Evergrande Faces More Protests
The developer has tried for months to signal that its $300 billion debt problem was under control. But the challenges keep mounting.
China Evergrande Suspends Trading Shares in Hong Kong
The world’s most indebted property developer provided no details on the suspension, but it suggested an announcement “containing inside information” would come soon.
Battling for Bolivia’s Lithium That’s Vital to Electric Cars
Chinese and Russian industrial giants seek to tap mineral deposits vital to electric cars. A Texas entrepreneur has his own strategy: the long game.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
China’s Influence Looms Over Blinken’s Africa Visit
On a stop in Nigeria, the secretary of state said the U.S. would no longer treat African countries as pawns in a global game. But American competition with Beijing was hard to overlook.
China Evergrande Troubles Spread Through Property Sector
Global markets just weeks ago were fretting over the possible failure of Evergrande. Now the developer says the worst is over, even as other companies show signs of trouble.
Trump Allies Are Prominent at Saudi Investment Conference
But the Biden administration sent only a deputy commerce secretary to the high-profile gathering, amid shifts in global politics and diplomatic strains.
Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home
As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.