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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...

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,...