In 2018, an Italian drone company was 'secretly' sold to two Chinese state-owned enterprises. But how much of a secret was it really?
With its wide, curved wing, the Strix unmanned aerial vehicle (UAV) looks, at first sight, like an expensive boomerang.
In fact, it's a drone that the Italian air force once used for airborne reconnaissance in Afghanistan. It’s made by Alpi Aviation, a northern Italy-based manufacturer whose products also include helicopters and light aircraft.
A new ‘secret’ about Alpi has now emerged: It’s become Chinese.
In early September, Italian financial police referred six people â
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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.