Can the U.S. finally slow down China’s takeover of aluminum?
It was a complex scheme for a simple crime: With dozens of shell corporations, a gargantuan aluminum stockpile in the central Mexican countryside and several warehouses scattered across Los Angeles and New Jersey ports, the Chinese aluminum firm Zhongwang Holdings successfully avoided U.S. tariffs for at least four years, defrauding the American government out of $1.8 billion.
Liu Zhongtian toasts during the ceremony for Zhongwang Holdings' listing on the Hong Kong Stock Exchange, May 8, 2009
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
When Joe Biden took office, many of his supporters thought the first order of business would be unwinding Donald Trump's trade war with China. But his trade czar, Katherine Tai, has been largely MIA, a stark contrast to her predecessor, the fiery and ubiquitous Robert Lighthizer. So what has Tai been up to?
The academic tells us why it's important to understand the Chinese leader's political beliefs and where they come from — as well as their shortcomings.
Navigate China's Business Landscape with Confidence.