How did USPS end up subsidizing China’s e-commerce?
A decade ago, American consumers could find clothes, toys, and appliances that had been manufactured in China stocked on the shelves of major retailers like Wal-Mart and Target. And even if they shopped for some of those goods online, the shipments typically came from stock that was held by warehouses in the United States.
But these days, with American consumers doing more of their shopping online, a growing share of what they buy is coming directly from factories and small businesses that ha
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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...
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