Tag: Austerity
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China to the Rescue? China’s Liquidity Finance Should Be Welcomed but Not Gambled With
By Kevin P. Gallagher China is being criticized for stepping up its policy to provide liquidity financing in the form of loans and currency swaps for countries in distress for the wrong reasons. Providing such liquidity shows that China is ...
An Iranian man shouts anti-U.S. and anti-Israeli slogans while standing in front of a portrait of Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, the son of the late Leader Ayatollah Ali Khamenei, during a rally to pledge allegiance to Mojtaba Khamenei amid the U.S.-Israeli military campaign in Tehran, Iran, on March 9, 2026. (Photo by Morteza Nikoubazl/NurPhoto) (Photo by Morteza Nikoubazl / NurPhoto / NurPhoto via AFP)
By Amanda Chen One week into the war triggered by the American-Israeli joint offensive on Iran launched on Saturday, February 28, Tehran’s retaliation has already expanded from targeting U.S. military assets to striking Gulf energy and civilian infrastructure. On March 7, Iranian President Masoud Pezeshkian publicly apologized to ...
China to the Rescue? China’s Liquidity Finance Should Be Welcomed but Not Gambled With
By Kevin P. Gallagher China is being criticized for stepping up its policy to provide liquidity financing in the form of loans and currency swaps for countries in distress for the wrong reasons. Providing such liquidity shows that China is ...