Why China Isn’t Expected to Power a Global Recovery

Obtaining the world-wide financial system back on its ft this yr won’t be effortless. But it will be even harder devoid of far more support from China, the locomotive that run recoveries from the world’s newest financial crisis.

Through the 2008-09 money disaster, China’s soaring demand from customers for uncooked components and other items boosted advancement across the globe, underpinning rebounds in areas like Brazil and Germany. Some international locations, like Australia, avoided recession almost fully many thanks to trade with China.

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New York & Co. Owner Files for Bankruptcy Protection

RTW Retailwinds, the parent firm of New York & Co., has filed for Chapter 11 bankruptcy protection. The firm reported it designs to permanently close most, if not all, of its suppliers and has started liquidation sales. It is also thinking of offering its e-commerce operations and relevant mental property. “The […]