July 24, 2024 5:42 pm

The premier news source for Snohomish County

China’s looming financial crisis as Evergrande misses debt payment

evergrande

China Evergrande Group, one of China’s largest real estate developers, has been plummeting toward defaulting on its debts—negatively impacting global markets. The company aggressively expanded with reckless abandon and is now the “most-indebted property developer in the world,” owing more than $300 billion. Should the default occur, it would be one of China’s largest. Evergrande […]

China introduces three-child policy in response to 2020 census results

China three-child policy

With the consequences of its previous family planning policies rapidly approaching, China hopes that its new three-child policy will resolve their rising labor costs, shrinking working class, and aging population. China implemented its one-child policy in the late ’70s in an attempt to control its enormous population growth. Any couple that broke this policy could […]

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