As Starbucks Corp.’s new Chief Executive Officer Brian Niccol engineers a business turnaround, what to do with its operations in China must be on the top of his
China is sitting on a lot of debt after a multi-decade infrastructure boom. Public borrowings1 hover at around 120% of gross domestic product, while a broad measure of
Barbarians are coming to the gate. Just as Starbucks Corp.’s new Chief Executive Officer Brian Niccol begins to revamp the ailing coffee chain, its Chinese nemesis plans to
They might have to meet again. As President Xi Jinping decides on the size of China’s stimulus package, he has to consider the possibility that Donald Trump, who
GoFundMe is introducing new tools to make it easier to share causes across social media, aiming to appeal to younger, digital-native generations. The company hopes these updates will
Once bitten, twice shy. China’s latest supercharged stimulus measures have left many investors unconvinced. Despite Beijing’s repeated promises to revive growth through rate cuts and special lending programs,
“Going out” is a major consideration among big Chinese corporations. Pressed by shrinking profit margins at home, China Inc. is keen to expand businesses abroad. The question is
Sports betting has undergone a major transformation in recent years, driven by legal changes and mobile technology. “It’s not even the same world,” says Dr. Timothy Fong, a
Many are worried that China is making way more than the world needs. From electric vehicles to solar panels, plunging prices at home and abroad are
Multinationals have a puzzle that they need to tease out in China, the world’s biggest market for luxury products: What’s driving a slump in sales? Is it because
When two popular trades, such as buying US big tech stocks and selling the Japanese yen, are unraveling at the same time, investors naturally think they are somehow
China’s Politburo, its most powerful political body, recently pledged to boost consumer spending and curb “vicious competition” among businesses. This unusually direct statement reflects growing concerns over intense
Even LVMH Moet Hennessy Louis Vuitton SE, the world’s most resilient luxury conglomerate, is feeling the chill. And as so often, the wind is blowing from the East.
The disconnect between Wall Street and Main Street is reaching a flash point in China. President Xi Jinping has made it clear that he is no fan
The system is ruining China’s public finance and is the root cause of the nation’s biggest economic problems. So what if China levies taxes on private jets and
As China’s property downturn continues, local governments are trying to come up with an alternative development model to make ends meet and provide jobs. A few cities may
Companies like Shein that are shifting headquarters and erasing connections to China are making a mistake. No one buys it. An economic slowdown at home has prompted
Can private wealth management hubs stay neutral and discreet in an increasingly polarized world? Private banks in Zurich lost some of their shine after Switzerland decided to adopt
As fundraising from pension and endowment funds slows, private credit managers have set their eyes on wealthy individuals. The success of the $54 billion Blackstone Private Credit Fund,
Chinese love new apartment buildings, my real estate agent told me last year as I was looking to buy property in Hong Kong. Seeing herself as an investment
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