Brands seem determined to make the most of the bounce in luxury spending that they have anticipated since Beijing ended its zero-Covid policy.
Category: China
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Tesla Sales Jumped in the First Quarter
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
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Taiwan President Tsai Ing-wen Balances China and U.S.
Known for her quiet pragmatism, Tsai Ing-wen has ushered in a new era of American cooperation as worries about Chinese aggression rise.
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Now Playing in China: Putin-Aligned Artists Shunned in the West
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.
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Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
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.
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The Undoing of Guo Wengui, Billionaire Partner to Trump Allies
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.
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China’s Soccer Experiment Flopped. Now It May Be Over.
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.
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Alibaba, China’s E-Commerce Giant, Will Split Into Six Units
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.
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China’s Cities Are Buried in Debt, but They Keep Shoveling It On
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.
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After Doling Out Huge Loans, China Is Now Bailing Out Countries
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.
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Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.