会员内容

Price wars break out as car makers in China, from Volkswagen to BYD, scramble to clear inventory. And foreign names like Samsonite and L’Occitane join the China-Hong Kong stock connect program, but no one is buying.

Li Qiang vows his “unequivocal and steadfast” support for China’s private sector in some of his first remarks as premier, and China resumes issuing visas for foreign business travelers and tourists.

China builds a low Earth orbit satellite constellation to rival Elon Musk’s Star Link. And Evergrande faces a potential “Lehman moment” as it fails to negotiate new terms for its massive debt with key creditors ahead of a key court date.

China says it will target relatively modest GDP growth of “about 5%” this year, as it focuses on “quality growth” over “growth at any cost” in the post-pandemic era.

China’s luxury market shrank by 10% last year, marking its first contraction in at least five years. And less than three years after opening its first China store, fast food chain Popeyes is dumping its original partner in the market and signing on with the local operator of the fast-growing Tim Hortons donut chain.