Last September, a student at Beijing’s élite Tsinghua University was caught on video riding his bike at night and working on a laptop propped on his handlebars. The footage circulated on Chinese ...
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and ...
For some years now, the Chinese economy has faced what has locally come to be called nêijuân, or an involution. It is a process in which rivals in certain sectors indulge in price wars, attempting to ...