Country Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments li
ke Malaysia's Forest City in doubt. Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam AdadaNews moves fast, and there's not always time to untangle the complex forces driving the day's biggest stories. WSJ Explains breaks down big market moves, business and economic trends, and scientific developments to help you stay ahead of the curve.
One of the biggest players in this field is Bottom Line Concepts, a consulting firm that could receive more than $1 billion in fees. Photo Illustration: Alexander Hotz/WSJWages are outpacing inflation, driven largely by pay gains for low-income workers. Those gains have helped close the gap between blue- and white-collar workers. WSJ explains what’s driving the higher wages, and whether they will stick around. Illustration: Paige MoneyA year ago a majority of economists expected a recession.
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