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Rachel Cheung

Staff Writer

rachel.cheung@thewire.media

Articles

The Great Brew Battle

After its Nasdaq-shaking accounting scandal of 2020, Luckin Coffee has staged a legendary comeback, surpassing even Starbucks in China in terms of revenue and store count. But the bad blood between Luckin's current and ousted leadership has resulted in a near clone, Cotti Coffee, as...

Broken Promises

In 2021, after four decades of exponential growth in China’s economy, Xi Jinping revived the party slogan “common prosperity” in order to address the country’s glaring inequality. The policy priority was suddenly everywhere: in speeches, in newspapers and in schools. But now, three years later,...

Gaining Currency

Can a central bank digital currency work? China was the first major economy to launch one and, despite several setbacks, is starting to see the digital yuan take off.