Lessons for Jack Ma on doing the Party’s business, from Rong Yiren.
It was the spring of 1949, and Rong Yiren had reason to worry. Reportedly one of China’s 10 richest individuals, he hid with his wife and five children in a downstairs corridor of his mansion as the People’s Liberation Army swept through Shanghai and claimed it for the Chinese Communist Party. As a scion of China’s wealthiest industrial dynasty, Rong was at the mercy of Mao Zedong’s new regime, which promised to end capitalism.
But as the sun rose on May 25, the 33-year-old found hims
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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.