The Treasury secretary departs for China today. A key objective is to glean information about how Beijing expects to reach its 2024 economic growth goal.
Beijing's massive oversupply in property and industry, and surging debt levels among local governments, have analysts wondering whether China is headed for a Japan-style malaise after 30 years of unprecedented economic growth.
Contrary to public pronouncements, an internal report prepared for the Russian government predicts that the country may face a longer and deeper recession as the impact of U.S. and European sanctions spreads.