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Trust Games

The Chinese corporate bond market was designed for lending convenience, not the legal practicality of retrieving money. But with potential defaults by Suning and other...

Stalled Dreams

When China loaned Ethiopia more than $2.5 billion to build a railway, it was cultivating a unique relationship in Africa that it hoped would unlock...

Family Values

In an excerpt from his new memoir, the exiled artist Ai Weiwei describes his father's first meeting with Mao Zedong — and how he came...

The Corps of Xinjiang

Without understanding the Xinjiang Production and Construction Corps (XPCC), it is impossible to understand modern day Xinjiang. Understanding the XPCC, however, is no small feat. 

The China Bull

Beijing's recent regulatory actions have erased over $1 trillion of market value from Chinese equities — a disruption that hedge fund billionaire Ray Dalio refers...

Game Over

The guanxi game has defined China's modern business culture — and no one played it better than Xu Jiayin, the CEO of Evergrande. Now, however,...

Biotech’s Borders

Ever since being named a strategic priority in 2015, China’s biotech industry has shown remarkable progress. But in order to achieve their global ambitions, Chinese...

China’s Shell Game

How China’s offshore companies are registered, and what purpose they serve, has long been misunderstood by analysts and economists. But documents in the Pandora Papers,...

The Diary Duel

What should be done when values like the free-flow of information conflict with equally important values like the rule of law and the protection of...

Package Deal

For years, Amazon recruited Chinese sellers aggressively, profiting handsomely from the surge in product offerings and low prices. But many Chinese sellers' bad practices —...

The Boom-Bust Backlash

From the scandal of Luckin Coffee to the collapse of Didi, big names have dominated the discussion of Chinese companies listing on U.S. exchanges. Now,...

The Missing Mogul

Whitney Duan was one of China's most successful female entrepreneurs. She built multi-billion dollar developments and was closely connected to political elites. But in 2017,...