Unlike regulators in Europe and the U.S., Beijing is using the guise of antitrust to bring powerful tech companies into line with its priorities.
Tag: Economic Conditions and Trends
Yellen Says China Trade Deal Has ‘Hurt American Consumers’
The Treasury secretary said an agreement made by the Trump administration, which remains under review, had failed to address fundamental problems between the two countries.
China’s Economic Growth Slows as Covid Fears Persist
Growth in the world’s second-largest economy lost steam as more expensive raw materials weighed on factories, though retail sales showed signs of stabilizing.
Europe Rolls Out Ambitious Climate Change Plan, but Obstacles Loom
The proposal would impose tariffs on some imports from countries with looser environmental rules. It would also mean the end of sales in the European Union of new gas- and diesel-powered cars in just 14 years.
How Hunger Has Fueled the Cuba Protests
A day after a rare outbreak of anti-government protests in Cuba, the United States and Cuba traded sharp words.
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Cuba Protests Fueled by Hunger: ‘Everyone Has a Tipping Point’
A day after a rare outbreak of anti-government protests in Cuba, the United States and Cuba traded sharp words.
Cubans Denounce ‘Misery’ in Biggest Protests in Decades
The rallies, widely viewed as astonishing for a country that limits dissent, were set off by economic crises worsened by the pandemic.
Soho China Sells to Blackstone, Cementing Owners’ Exit
The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.
North Korea Is Facing a ‘Tense’ Food Shortage
Kim Jong-un said addressing food insecurity was “a top priority” in the country, where millions died in a famine during the ’90s.