Food deliverymen from Meituan, JD.com and Alibaba’s Ele.me jockey for position on a street in Shenyang, Liaoning Province, in June. VCG via Getty Images Wang Xing, founder of Chinese food delivery leader Meituan, saw his wealth plunge $1.1 billion during morning trading Thursday as his company’s Hong Kong-listed shares sank as much as 11.3% after…
China’s GDP per capita continues to lag developed countries despite years of strong growth. Dr. Bill Conerly using data from International Monetary Fund China has enjoyed phenomenal super-charged growth in recent decades, but that pace will very likely slow down. Arnold Kling compiles and comments on several perspectives about the country’s prospects. Reasonable economic growth…
Topline Sony said it would raise the prices for its PlayStation gaming consoles amid President Donald Trump’s tariffs, the latest gaming industry price hike after Nintendo and Microsoft made similar increases to the costs of their Switch and Xbox consoles. Sony hiked prices for its PlayStation 5 consoles amid President Donald Trump’s tariffs. (Photo by…
Seven Labubu monsters are seen during a street style fashion photo session in June in Paris. Edward Berthelot/Getty Images Wang Ning, billionaire founder of Chinese toy maker Pop Mart International Group, said the company could “easily” reach 30 billion yuan ($4.2 billion) in sales this year, after it reported sizzling first half results that included…
An artist’s rendition of a fleet of the networked autonomous cargo planes being developed by Grid Aero. Courtesy of Grid Aero As the Pentagon gears up for the possibility of a war with China over Taiwan, it’s grappling with a thorny problem: how to get supplies across thousands of miles of water to U.S. forces…
Afghan burqa-clad women wait in a queue to receive free iftar meal during the Islamic holy fasting month of Ramadan, on the outskirts of Kabul on March 12, 2025. (Photo credit: WAKIL KOHSAR/AFP via Getty Images) AFP via Getty Images August 15, 2025, marks four years of the Taliban regime, after the fall of Kabul…
Italy hopes growing interest in winter sports in China will attract visitors from the country to the Winter Olympics in Milano Cortina in 2026. (Photo by Tiziana FABI / AFP) (Photo by TIZIANA FABI/AFP via Getty Images) AFP via Getty Images When it comes to ancient culture, few countries rank with Italy and China in…
Topline President Donald Trump announced Wednesday a 100% tariff on chips and semiconductors, saying companies like Apple would receive exemptions for producing goods in the U.S. Trump made the announcement Wednesday. (Photo by Win McNamee/Getty Images) Getty Images Key Facts Trump said the 100% tariff on all chips and semiconductors being exported to the U.S….
Amid controversies over tariffs and their effects, one particularly destructive barrier to trade has gone overlooked: restrictions on “conflict minerals” that exacerbate poverty in the developing world, undermine U.S. access to rare earth metals and critical minerals, and hand a competitive edge to China in control of the global supply of these critical minerals. Ironically,…
Richard Liu, founder and chairman of JD.com. Andrew Burton/Getty Images JD.com, the Chinese e-commerce giant controlled by billionaire Richard Liu, has proposed to acquire Ceconomy in a deal that values the German electronics retailer at €2.2 billion ($2.5 billion). JD.com said on Wednesday it has made a cash offer of €4.6 per Ceconomy share. The…