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LONGSTANDING suspicions about the accuracy of China’s official GDP growth data have spurred a market for alternative calculations, which kicked into action this week after Beijing announced economic expansion for 2023 was in line with its annual target of around 5 percent. There’s a consensus that the economy grew last…
The McRaes have hosted the Junction City drive on their wedding anniversary for 15 years[JUNCTION CITY, KAN. – Jan 2, 2024] – Tom and Joyce
The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag” on world output by the International Monetary Fund (IMF), among others.
The slump in China’s housing construction will continue in 2024, dragging down economic growth and suggesting that government efforts to stabilize the sector haven’t been enough to reverse the downturn. That’s the consensus from 10 investment banks and securities brokerages, including Goldman Sachs Group Inc., Morgan Stanley an d UBS…
In the summer of 1986, I joined a group of U.S. businesspeople sponsored by the Atlantic Council to attend a meeting of NATO nations in Mainz, West Germany. While in the country, we passed through the infamous Checkpoint Charlie from bustling, glamorous West Berlin through the treacherous Berlin Wall and into East Berlin. The transition was as stark as the opening scene in The Wizard of Oz, in which Dorothy emerges from her tornado-ravaged house into the technicolor Land of Oz. East Berlin was gray and desolate, with no products on its store shelves and its buildings still pockmarked from Worl...