The pandemic is setting the stage for further debt issues in the Global South. With the U.S. and China being major global stakeholders, how they react to the growing need for aid matters.

The fact that multiple cities and provinces in China are confessing to runaway data manipulation might strike some onlookers as bizarre. Major discrepancies between reported and actual growth in recent years would seemingly call into question even the most basic assumptions about the health of the Chinese economy and the trajectory of its growth.

Lossmaking “zombie” companies comprise a smaller share of China’s overall corporate debt than widely assumed, according to new International Monetary Fund research highlighting the broad challenge facing policymakers as they seek to control rising debt.

China's central government has ordered a small city in Inner Mongolia to halt construction of a Rmb30.5bn ($4.6bn) subway project.

The scale of all sorts of debt in the US, including federal government debt, corporate debt, household debt, and private debt is nearing an all-time high. Evidence suggests a new debt crisis is mounting.

Only by totally abandoning the current growth model, which relies on credit investment and the real estate industry, can China’s economy escape the dangers posed by the potentially risky debts on its commercial banks’ financial sheets that may exceed $1.3 trillion. The majority of bank loans have flown into the real estate market, which will become instantly volatile if and when housing prices begin to slide.

The risk of China’s debt crisis is building up and China needs structural solutions in order to effectively solve the issue, writes Zhang Monan.

With the Fed publicly considering an end to its massive, open-ended purchases of long-term securities and foreign capital fleeing home from emerging markets, many fear that Asia’s economies could come crashing down, as they did in the late 1990’s, writes Liu Mingkang.