As Canada deals with high inflation and a housing shortage, the world’s second-largest economy is grappling with a nearly opposite reality.
China has been booming for over 40 years as Beijing invested heavily to build up the country. But now, demand for housing is sinking amid overbuilding and developers mired in debt, and consumer prices have recently fall ... Show More
Today
The EU opens the door to Canada
At her State of the Union address yesterday, the President of the European Commission, Ursula von der Leyen, made a historic offer: she wants Canada to become the first “associate member” of the European Union. No one knows exactly what that will mean. Associate membership is a d ... Show More
28m 13s
Yesterday
Why is Trump so focused on Haiti?
For years, hundreds of thousands of Haitians living in the United States have been protected from deportation under a program known as Temporary Protected Status, or TPS. But, as of August, that protection is over as the Trump administration moves to deport Haitians en masse to a ... Show More
36m 37s
Sep 15
Why are AI leaders calling for a slow down?
It's been a remarkable week in the world of Artificial Intelligence. Last Tuesday, a researcher resigned from Anthropic, saying AI companies are "racing straight to self-improving superintelligence and gambling with our lives." A current Anthropic employee agreed, saying he gives ... Show More
33m 44s
Oct 2023
How did 6 million people in China buy homes that don’t exist?
China is in the middle of a housing market crisis. Two of its top property developers, Evergrande and Country Garden, are struggling to pay back debt or fulfil their promises to build properties they have already sold to millions of people.Fan Wang, a BBC reporter in Singapore, t ... Show More
13m 43s
Sep 2024
Why China’s economy is struggling
After a stronger-than-expected start to the year, China’s economy is showing signs of weakening as the world’s second-largest economy struggles with a real estate downturn, slowing consumer spending, and geopolitical tensions. Goldman Sachs Research’s Hui Shan, chief China econom ... Show More
19m 2s
Jul 2023
China’s Economic Rebound Hits a Wall
<p>When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the economy to spring back to life. It hasn’t worked out that way.</p><p>Daisuke Wakabayashi, an Asia business correspondent for The Times, ... Show More
22m 59s
Aug 2022
China's economic challenge
China, the so-called engine of global growth, seems to be stalling badly right now. The country is facing rising unemployment, falling factory output and a collapsing property market. Plus, a growing number of regular Chinese citizens are complaining that the country's tough anti ... Show More
18m 3s