Real Time Economics: First-Quarter GDP Is Looking a Little Ugly

March 19, 2019

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. U.S. inflation data is on tap, U.K. lawmakers vote on the latest Brexit deal, White House budget forecasts are falling short on revenue, and economic growth is looking a bit wobbly at the start of the year. Good morning. Jeff Sparshott here to take you through the day’s top economic news. Send us…

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21 Amazing Things To Do in Beijing

February 12, 2019

There are few cities on Earth that offer as much as Beijing. The Chinese capital has a history going back thousands of years and is full of significant landmarks such as the Forbidden City and the Great Wall. If you want to dive into Chinese history and culture, then Beijing is the place to do so. In addition to its storied past, Beijing is also catapulting into the future at…

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WeWork could challenge Starbucks in China with new on-demand service

January 30, 2019

The rise of Starbucks in China, like that in the west, is closely linked to its function as a “third space” for people to hang out between home and work. In recent years, a bevy of coffee entrepreneurs are trying to topple the American giant’s dominance in China and lately, an unexpected contender — WeWork — has joined their camp. This month, the office tenant and workplace service provider launched…

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Real Time Economics: U.S. Keeps a Hard Line In China Trade Talks

December 16, 2018

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. The Trump administration’s point man on China trade talks says the U.S. will hold fast to its 90-day deadline, leaving a short window to resolve thorny commercial issues.  Good morning. Jeff Sparshott here to take you through key developments in the global economy. We’ll also look at the latest on Huawei’s CFO, how a…

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Real Time Economics: U.S. Wages Poised for a Breakout | China’s Factories Slow | Millennials Drive Homeownership

November 9, 2018

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Good morning. Today we look at the U.S. labor market, inflation, homeownership in America, a two-year low for China manufacturing activity, and warnings on tariffs.  BREAK ON THROUGH U.S. workers’ wages are poised to break through a 3% annual growth ceiling that’s held firm for nearly a decade when the Labor Department…

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Sogou Provided AI-Powered Language Translation at China Tennis Open

October 15, 2018

Chinese internet search engine Sogou provided its AI-powered language translation technology at last week’s China Open tennis tournament. Sogou’s platform provided fans and media real-time bilingual translations between Chinese and English during interviews and press conferences. The China Open was held Sept. 29 through Oct. 7 in Beijing, and featured tennis stars such as Caroline Wozniacki and Simona Halep. The use of Sogou’s system marked the first time that AI-powered…

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China’s unexpected move during huge war games with Russia shows their relationship is still uneasy

September 26, 2018

AP Photo/Sergei Grits Moscow and Beijing heralded the recent Vostok 2018 war games in eastern Russia as a tremendous success, celebrating closer military-to-military relations between China and Russia. But the deployment of a Chinese spy ship to shadow Russian ships suggests that the bilateral relationship between China and Russia continues to be plagued by distrust. China reportedly sent an uninvited surveillance ship to spy on the recent joint military exercises…

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Malaysia says no to Chinese ‘colonialism’

August 25, 2018

By Hannah BeechIn the world’s most vital maritime chokepoint, through which much of Asian trade passes, a Chinese power company is investing in a deepwater port large enough to host an aircraft carrier. Another state-owned Chinese company is revamping a harbor along the fiercely contested South China Sea.Nearby, a rail network mostly financed by a Chinese government bank is being built to speed Chinese goods along a new Silk Road….

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Empty hotels, idle boats: What happens when a Pacific island upsets China

August 20, 2018

REUTERS/Farah Master China believes Taiwan is part of China and wants the world to agree. China is putting pressure on Taiwan’s 18 diplomatic allies to turn their back on the island nation. Beijing last year banned Chinese people from visiting the Pacific island of Palau, one of Taiwan’s allies. The ban has led to a steep drop off in Chinese business and investment in Palau. KOROR, Palau (Reuters) – Empty…

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New unicorn Klook raises $200M to expand its travel activities platform worldwide

August 8, 2018

Klook, a Hong Kong-based startup developing a travel activities platform, has pulled in $200 million in new capital to fuel a major expansion into the U.S. and Europe. A spokesperson confirmed to TechCrunch that the round values the company at more than $1 billion, although the company didn’t provide an exact figure. Klook sets out to make booking travel activities as easy as arranging flights and hotels. That could mean…

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