Beijing

China VC deals plunge, on track for worst pace in more than seven years

BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance…

China’s retail sales surprise with faster growth in August, but real estate drag worsens

BEIJING — China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau…

What is shadow banking? Unpacking the risks for China

BEIJING — China’s real estate problems have again drawn attention to the world of shadow banking and the risks it…

Vice President Harris will face doubts and dysfunction at the Southeast Asian nations summit

Vice President Kamala Harris will deepen her outreach to Southeast Asia this week at an international summit in Jakarta, Indonesia, where she’ll…

Here’s what the U.S. hopes China will do after Raimondo’s trip

BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export…

State Department picks veteran diplomat Mark Lambert as top China policy official

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department…

Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi

BEIJING — Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an…

China is considering countermeasures to Biden’s executive order

BEIJING — China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to…

China’s downside risks are growing, and its economy is less likely to reach 5% this year

BEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists…

China reports big data miss in July, stops releasing youth unemployment numbers

BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include…