How Chinese gamblers turned a Cambodian casino called NagaWorld into an international juggernaut.
It’s Thursday night at the casino complex NagaWorld, and no one is dancing to the Filipino cover band’s synth-heavy version of Madonna’s “Borderline.” Instead, patrons of the Darlin Darlin Bar, mostly young men, are playing dice games to expedite their imbibing as young waitresses in single-shoulder red gowns shuttle between the bartenders and the tables. At the rear of the bar, a wall of young women in miniskirts chat with each other or look at their phones, waiting for the men to inv
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For much of the past two decades, Europe's luxury market has counted on the ferocious appetite of Chinese consumers to bolster its bottom line. But foreign luxury brands are facing a reckoning in China. Not only is China’s economy entering a more uncertain phase, giving consumers pause, but homegrown designers and labels are also gaining ground. The questions now are which European brands can still rely on China, and how China's domestic designers can capture a share of the pie.
The Treasury’s top international official gives an inside-the-room account of the latest talks between Treasury Secretary Yellen and the Chinese leadership, including the U.S.’s efforts to get Beijing to address overcapacity and economic imbalances, how...
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.