News & Perspective
Keep current on recent E.J. McKay news & industry trends.
Contagion fears spread as China property sector cash crunch intensifies
China’s largest private real estate developer Country Garden (2007.HK) is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector,…
Northeast China faces challenges from intensified floods, strengthens disaster relief efforts
Multiple regions in Northeast China have raised the level of emergency response to flooding and issued meteorological warnings as some areas are facing challenges caused by intensified floods that have endangered people’s lives,…
China Replaces Foreign Minister Qin After Mysterious Absence
China named veteran diplomat Wang Yi its new foreign minister on Tuesday, removing former rising star Qin Gang after a mysterious one-month absence from duties barely half a year into the job. Qin…
Economic Watch: Tourism ignites summer economy amid high temperatures
As many cities in China are hit by high temperatures this summer, escaping the summer heat by travelling to cities blessed with abundant summer tourism resources has become an increasingly popular choice among…
Biden Cancels $39 Billion in Student Debt
Here’s What Happened: On Friday, July 14, 2023, the Biden administration announced that it would cancel $39 billion in student debt for more than 800,000 borrowers. This is the result of a “fix”…
3 Takeaways From Janet Yellen’s Trip to Beijing
The deep chill between the United States and China moderated a little over the past few days as Treasury Secretary Janet L. Yellen held marathon talks with a new group of top economic policymakers in…
