Category: China

China Strikes Back at U.S. Chip Maker Even as It Signals Openness

Beijing’s security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses.
Swiss Watch Leaders Are Eager to Make Up for Lost Time in China

Brands seem determined to make the most of the bounce in luxury spending that they have anticipated since Beijing ended its zero-Covid policy.
Tesla Sales Jumped in the First Quarter

The New York Times – Business:
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
Taiwan President Tsai Ing-wen Balances China and U.S.

The New York Times – Business:
Known for her quiet pragmatism, Tsai Ing-wen has ushered in a new era of American cooperation as worries about Chinese aggression rise.
Now Playing in China: Putin-Aligned Artists Shunned in the West

The New York Times – Music:
As Russia works to shore up its image and rebuild its soft power after its invasion of Ukraine, it is strengthening cultural ties with friendly nations, including China.
Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit

The New York Times – Business:
The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
The Undoing of Guo Wengui, Billionaire Partner to Trump Allies

The New York Times – Business:
He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.
China’s Soccer Experiment Flopped. Now It May Be Over.

The New York Times – Sports:
China poured billions into its bid to become a player in the world’s most popular sport. A decade later, it has little to show for that investment.
Alibaba, China’s E-Commerce Giant, Will Split Into Six Units

The New York Times – Business:
The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.
China’s Cities Are Buried in Debt, but They Keep Shoveling It On

The New York Times – Business:
China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.
After Doling Out Huge Loans, China Is Now Bailing Out Countries

The New York Times – Business:
Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.