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China

Could China's payments system be a SWIFT workaround for Russia?

by David Brancaccio , Erika Soderstrom and Alex Schroeder
Mar 1, 2022
China's system is known as the Cross-Border Interbank Payments System, or CIPS for short.
China's CIPS interbank payments system is seen as a possible avenue for Russia after it was cut off from the more widely used SWIFT system.
ISAAC LAWRENCE/AFP via Getty Images
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What has the U.S.-China trade war achieved?

by Jennifer Pak
Feb 25, 2022
The U.S. and China have been engaged in a trade war for nearly four years. What's the scorecard?
Johannes Eisele/AFP via Getty Images
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Economists say Trump’s China trade policy is harming U.S. Why is it so hard for Biden to change course?

by Sabri Ben-Achour and Rose Conlon
Feb 22, 2022
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says New York Times columnist Paul Krugman.
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says The New York Times' Paul Krugman.
Justin Sullivan/Getty Images
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COVID-19

Living in a bubble: China’s zero-COVID policy

by Jennifer Pak
Feb 7, 2022
The Beijing Olympics are said to be the biggest closed-loop bubble experiment ever. China has had practice with its zero-COVID policy.
Health workers wear protective suits at a Beijing coronavirus testing center on Jan. 25. China has had a strict no-COVID policy throughout the pandemic.
Kevin Frayer/Getty Images
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Corporate sponsors quiet as Beijing Olympics get underway

by Samantha Fields
Feb 7, 2022
U.S. officials are boycotting the Games over accusations of human rights abuses in China, and companies have been pressured to pull out or speak up.
Fireworks form the Olympic rings over Beijing's National Stadium on Friday. Human rights advocates have pressured advertisers to cancel sponsorships because of accusations of abuses.
Li Xin - Pool/Getty Images
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China could soon surpass U.S. in crucial emerging technologies, report warns

by Sabri Ben-Achour and Rose Conlon
Dec 14, 2021
"This has big implications," says Harvard's Graham Allison, one of the report's authors.
"This has big implications," says Harvard's Graham Allison, one of the report's authors.
Hector Retamal/AFP/Getty Images
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China's state-sponsored industrial espionage is part of a larger system

by Sabri Ben-Achour
Dec 9, 2021
Experts estimate that intellectual property theft is costly for countries — and that China is frequently the main culprit.
For years, U.S. prosecutors have accused Chinese companies, including solar companies, of stealing trade secrets. Above, a worker walks near solar modules in China's northwest Gansu Province.
Feng Li via Getty Images
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COVID-19

How omicron may affect China's ports, a key to the global supply chain

by Amanda Peacher
Dec 2, 2021
China's no-tolerance COVID-19 protocols may keep the variant at bay but may slow down shipping again.
If the omicron variant were to cause port shutdowns, they would likely coincide with Lunar New Year closures. Above, workers at a container port in Wuhan, China.
Getty Images
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China lacks psychologists, so businesses fill the mental health care gap

by Jennifer Pak
Nov 22, 2021
One entrepreneur is placing her bets on a paid online listening service for women.
In China, online and app-based companionship services have cropped up to address isolation. Above, a man sits alone on his cellphone in Beijing.
Courtesy Shanghai 808 Studio
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Biden pressures China on commitments to buy U.S. goods and services

by Nancy Marshall-Genzer
Nov 16, 2021
This is part of the phase one trade deal China signed with the Trump administration. But those goals may have been unrealistic.
President Joe Biden meets with Chinese President Xi Jinping during a virtual summit Monday.
Mandel Ngan/AFP via Getty Images
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