Joe McDonald, The Associated Press Auhtor Headshot Image

Joe McDonald, The Associated Press

Joe McDonald is a reporter with The Associated Press,  an American not-for-profit news agency headquartered in New York City and founded in 1846.

China cuts interest rate to shore up sagging economy Fallback Image Decorative pattern

Economic Indicators

China cuts interest rate to shore up sagging economy

The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target

By Joe McDonald, The Associated Press |August 15, 2022

2 min read

Chinese banks try to calm fears about Evergrande’s debts Chinese banks try to calm fears about Evergrande’s debts

Industry

Chinese banks try to calm fears about Evergrande’s debts

Some Chinese banks are disclosing what they are owed by the real estate developer, hoping to quell fears

By Joe McDonald, The Associated Press |September 24, 2021

3 min read

China’s growth surged 18.3% in latest quarter Fallback Image Decorative pattern

Economic Indicators

China’s growth surged 18.3% in latest quarter

China's growth may be levelling off, however, as as manufacturing, consumer spending return to normal

By Joe McDonald, The Associated Press |April 16, 2021

3 min read

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