There Are Echoes of China in Today’s America
on February 1, 2017
We are troubled by how often lately we experience a strange sort of China-related déjà vu when following events in the U.S.
We are troubled by how often lately we experience a strange sort of China-related déjà vu when following events in the U.S.
A subsidiary of the Industrial and Commercial Bank of China (ICBC) has recently reached deals with seven Chinese state-owned enterprises to convert about 60 billion yuan ($8.7 billion) of unpaid loans into equity shares.
Apple’s fiscal first quarter results showed a bit of stabilization in China and “record revenues” in India, according to CEO Tim Cook, but the U.S. technology giant still faces challenges in these emerging but increasingly “critical” markets.