business

Yahoo, Fortnite Leave China

Yahoo has withdrawn from China, making it the latest in a host of foreign companies that have abandoned the country. Yahoo attributed its decision to the “increasingly challenging business and legal environment” in China....

World Bank Business Ranking Manipulated in China’s Favor

An independent investigation released by the law firm WilmerHale on September 16 found that high ranking staff members at the World Bank rigged data in the 2018 and 2020 editions of its flagship “Doing Business” report in order...

“You Should Be Rooting for China”

While reports suggest China’s housing bubble may soon burst and some express the zero-sum sentiment that China’s continued rise means America’s decline, economist Zachary Karabell argues that a thriving China...

Sony: China Business “More or Less” Back to Normal

The head of Sony’s China operations claimed on Tuesday that business has “more or less” returned to normal for Japanese companies hit by this year’s Diaoyu/Senkaku Islands dispute. From Reuters: The spat...

Lobbying, a Windfall and a Leader’s Family

In a continuation of the investigation into the business dealings of Premier Wen Jiabao and his family, The New York Times’ David Barboza details the emergence of Ping An Insurance as a leading Chinese financial...

Family of Wen Jiabao Holds Hidden Fortune

A New York Times investigation into business dealings by the family of prime minister Wen Jiabao has prompted the blocking in China of the newspaper’s English and Chinese websites. The article, by David Barboza, uncovers...

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