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Behind China's triumphalist rhetoric lurks an inconvenient truth: China’s own society is fracturing in complex and challenging ways.

(Bloomberg) -- Beijing’s crackdown on its tech giants is fueling a noticeable phenomenon: it’s opened the spending floodgates.China’s largest internet corporations are digging deep into their pockets to open up new avenues of growth as Beijing curtails their most lucrative businesses from fintech to e-commerce. Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have all warned investors in recent weeks they’re prepared to open their coffers to expand in areas such as cloud computing, autonomous driving and artificial intelligence. The coming deluge promis...

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

From Alibaba to Tencent, China’s tech giants are facing regulatory scrutiny and public backlash over unfair labor practices and obscene wealth.

Xi Jinping Stresses His Historical Preeminence in Preparation for the CCP Centenary May 17, 2021 03:03 PM Age: 4 hours Image: Chinese Communist Party General Secretary Xi Jinping (center) attended the Party History and Education Mobilization Conference in Beijing on February 20, where he delivered the opening speech to “teach the first lesson” (Source: Xinhua). Introduction The Chinese Communist Party (CCP) General Secretary Xi Jinping has taken multiple measures to consolidate his position as “core for life” of the CCP leadership in the run-up to the centenary of the party’s establ...