Why Viral Western Takes Still Misunderstand China’s Political Economy

Both the “engineering state” and the “mayor economy” framings obscure the critical mechanics of China’s growth machine. Read More

Europe’s Top Business Lobby in China Urges an End to Price Wars

Europe’s top business lobby in China urged Beijing to address price wars and unsustainable competition as the country readies its next five-year plan — adding to pressure from the US over the matter. Read More

China’s cash-conscious consumers force Europe’s luxury giants to think small

A slowing economy, shifting tastes and higher prices have dampened Chinese enthusiasm for overly expensive luxury goods In the Paris boutique of a Swiss luxury watchmaker, a Chinese customer anxiously ... Read More

Even as China’s economy suffers, stocks soar. What’s going on?

For Chinese investors, the grass is almost always greener elsewhere. The country’s stockmarket chronically underperforms, meaning that local punters look to bourses in, say, America or Japan, and ... Read More

In China’s tough economy, secondhand luxury is very much in fashion

SHENZHEN, China — China’s well-to-do once rushed to buy fabulously expensive luxury goods during the go-go years of rapid economic growth in the first two decades of this century. The boom even ... Read More