The number of flights between the U.S. and China has barely recovered since the end of the pandemic.
It’s been over half a year since China dropped its zero-Covid policy and reopened its borders, but U.S.-China air travel is a long way from bouncing back. Weekly flights between the world’s two biggest economies remain down around 95 percent from pre-pandemic levels.
Geopolitics is getting in the way of a recovery. Both the U.S. and China have imposed caps on the number of permitted weekly flights by airlines from each others’ countries, although the Biden administration approved a mode
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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.