Luckin Coffee is just the tip of Starbucks’ China woes

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

No, China doesn’t really have a debt crisis

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

China’s Luckin shows Starbucks how to sell coffee

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

Trump muddies an already-chaotic debate in China

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 bet social media can unlock Gen Z giving

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

Xi has finally realized what’s ailing China

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,

Chinese takeout in Saudi Arabia? You bet

“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 changed. Could it affect your health?

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

Xi’s supply-side panacea has lost its magic

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 

Luxury looks like a China carry trade set to unwind

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

How big is the yen carry trade, really?

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 had enough of its own toxic price wars

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

Big luxury frets that China is turning Japanese

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.

Xi is no fan of bankers. He’s got reasons

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

Xi must end this silly 30-year-old tax treaty

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

Li Keqiang’s hawker economy thrives in Mao country

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

There is no shame in being Chinese

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

Singapore-washing has hit a wall

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

Private credit and mini-millionaires don’t mix

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,

All homes grow old. China will get used to it

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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