Daisuke Wakabayashi

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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

Alibaba, China’s E-Commerce Giant, Will Split Into Six Units

The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.

Bao Fan, Star Banker, Goes Missing in China

Bao Fan, a well-connected banker, is the latest businessman in China to disappear, raising concerns that Beijing’s crackdown on the technology and financial industries will…

China’s Covid Lockdowns Strand Tourists

Tens of thousands of domestic travelers were stuck at their summer vacation destinations after local outbreaks forced them into quarantine.

Real Estate Crisis Is at the Heart of China’s Economic Troubles

In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.

China Evergrande C.E.O. Resigns After Loans Come Under Scrutiny

The resignation was the latest setback for the embattled Chinese property developer, which is expected to announce a plan to restructure its debt of more…

China’s Economy Hits a Slump as Covid Policy Takes a Toll

High unemployment, a housing market in crisis and sluggish consumer spending during lockdowns are putting pressure on Beijing in a year when officials are focused…

China’s Economic Growth Slows Sharply as Covid Policy Takes Toll

The humming economy of last year has been replaced by high unemployment, a housing market in crisis and sluggish consumer spending.

Businessman Tied to China Alibaba Rape Case Gets 18 Months

A court found Zhang Guo guilty of “forcible indecency.” The tech giant fired his accuser last year after she claimed that he had molested her…

Global Stock Sell-Off Continues as Economic Concerns Mount

The losses in China, Japan and Australia followed weakness in the United States, where stocks closed in bear market territory.