Authorities are worried about tycoons pulling strings behind the scenes The collapse of a highly leveraged, 3 billion yuan (US$436 million) takeover bid for a Shanghai-listed animation company this month shone a spotlight on a shadowy corner of China’s stock...

What China Wants

As China becomes, again, the world's largest economy, it wants the respect it enjoyed in centuries past. But it does not know how to achieve or deserve it. MATTHEW BOULTON, James Watt’s partner in the development of the steam engine...

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