China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
Author: ALEXANDRA STEVENSON
Why the Taliban Desperately Need Cash to Run Afghanistan
The group has long tapped underground banks and opium to fund Afghanistan’s insurgency. Fixing the nation’s problems will require a lot more than that.
China Moves Against Education Companies, Causing Shares to Plunge
Beijing’s latest regulatory move in the tech sector requires online tutoring firms to become nonprofit institutions.
Infections Rise in Mongolia, Where Sinopharm Is the Main Vaccine
The nation reported more than 1,300 new coronavirus infections on Wednesday, renewing a focus on the effectiveness of the Chinese-made Sinopharm shots.
Countries Are Scrambling for Vaccines. Mongolia Has Plenty.
By playing off its big neighbors, Russia and China, Mongolia has emerged as a positive outlier among developing nations on the hunt for shots.
With a Big Tax Break, Hong Kong Tries to Soothe the Rich
Beijing, which can’t afford to let its attack on civil liberties scare away global banks and financiers, is offering them a big tax break and other perks.
Hong Kong’s Virus Rules Keep Cases Low but Stoke Complaints
The territory has avoided full lockdown largely by moving aggressively to stamp out infections, but the latest outbreak has renewed claims of harsh treatment in the way quarantines are enforced.
HNA Was Once China’s Biggest Dealmaker. Now It Faces Bankruptcy.
China is tightening the reins on its economy and looking out for companies that could pose risks to China’s financial system.
China Is Dismantling the Empire of a Vanished Tycoon
Three years after Xiao Jianhua was snatched from a luxury hotel in Hong Kong, Beijing is making it clear that his style of freewheeling finance is a thing of the past.
Why the U.S. May Remove Hong Kong’s ‘Special Status’
Washington has long given the former British colony a special status on trade and other issues. Changing that would threaten its position as a global business hub.