China will further overhaul its bloated state enterprises and push for mergers in sectors such as power and coal, which are plagued by zombie firms, bankruptcy and debt defaults, according to the head of the agency that oversees state assets valued at $26 trillion. [April 11, 2018 | Bloomberg] “Some of the central state-owned enterprises…
BEIJING — When President Xi Jinping announced measures to further open up China’s auto industry to foreign carmakers, the global industry initially cheered. [KEITH BRADSHER | April 25, 2018 | NY Times] Now the cheering has stopped. As details are emerging, foreign auto executives attending China’s annual auto show in Beijing this week said Mr. Xi’s initiative was too narrow…
President Trump is confronting China over its predatory trade practices and outright theft of American property. [MARTHA BONETA AND CURTIS ELLIS | April 27, 2018 | The Hill] China has responded — not by pledging to change its cheating ways, but by imposing politically targeted taxes on American farm exports. This has farmers rightly concerned they may…
The World Bank has appointed Yale University’s Pinelopi Koujianou Goldberg, a leading academic who has probed how international trade can fuel inequality, as the bank’s new chief economist. [Josh Zumbrun | April 26, 2018 | WSJ] The bank said Ms. Goldberg, who goes by Penny, would help strengthen its academic bona fides. She just completed a tenure…