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To Rein in China’s Banks, Xi Uses Familiar Playbook

To a man with a hammer, a renowned psychologist once posited, everything looks like a nail.For most of his decade in power, Xi Jinping, China’s leader, has usually arrived at […]




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Why China Is Changing Its Tone on Business

China’s leader, Xi Jinping, used his annual New Year’s Eve address in 2021 to laud the patriotic achievements of the Chinese people. In a year marked by crackdowns on tech […]




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Why China’s Economy Faces a Perilous Road to Recovery

Many European manufacturers in China have been forced to operate with about half their usual staff for two to three weeks, affecting output somewhat, said Klaus Zenkel, the chairman of […]




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China’s Young Elite Clamber for Government Jobs. Some Come to Regret It.

In Beijing and cities across China, as many as 2.6 million job applicants, including graduates from the country’s top universities, will report to testing centers in early January to face […]




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With ‘Zero Covid,’ China Proved It’s Good at Control. Governance Is Harder.

A widely circulated WeChat article speculated that the shortage of fever medications reflected the government’s lack of preparation for loosening control. And if the government had shown the same political […]







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China’s Business Elite See the Country That Let Them Thrive Slipping Away

“When the ability to govern decreases, even in the absence of any particular policy from the top, the ineptitude, brutality, and ignorance of lower-level officials will brew disasters for the […]







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In Xi’s China, the Business of Business Is State-Controlled

The Chinese leader has increasingly demanded that businesses conform to the aims of the Communist Party, an agenda he doubled down on this week at an important political gathering. Read […]