Economics & Business Archive

In 2003, just as I was arriving in China as a correspondent for The New York Times, tectonic changes were coming to the worlds of internet commerce, search and social media. But their rumblings were so deep beneath the surface that few could have predicted their long-term consequences. That year, Alibaba, a four-year-old web company that had started out of an apartment in Hangzhou, fended off an ambitious push by eBay into China’s e-commerce market by eliminating merchant fees for Taobao, Alibaba’s own e-commerce platform, even as it was losing money. The move helped put Alibaba on the road to […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. As U.S. and Chinese negotiators scramble to finalize a “phase one” trade agreement, uncertainty is rising over whether a deal can actually be reached. Beijing has responded angrily to recently passed legislation in the U.S. that targets China for human rights violations, and President Donald Trump suggested Tuesday that he could wait until after the 2020 U.S. presidential election to complete a trade deal with China. Some observers on both sides of the Pacific see these developments as impediments […]

Since his first day in office, President Donald Trump has made clear his general discomfort with multilateralism and particular dislike for the World Trade Organization. It was little surprise that he appointed Robert Lighthizer, a long-standing skeptic of the WTO and its legally binding dispute settlement system, as the U.S. trade representative. Over the past two years, as it has unilaterally imposed tariffs on trading partners and launched a major trade war with China, the Trump administration has taken steps to steadily weaken that system by blocking appointments to the body overseeing appeals. Now, the White House is reportedly threatening […]

Over the past quarter century, the internet has transformed human existence, dramatically altering everything from daily life, societal interactions and economic exchange, to political debates and geopolitical rivalries. In 1996, only 36 million people were online. Today, 3.7 billion are, and the remaining half of humanity will soon join them in the connected world. Although the benefits of cyberspace are undeniable, malicious state and criminal actors often use it to further their nefarious ends, while at times endangering its digital infrastructure. Hoping to protect this vulnerable domain, the Global Commission on the Stability of Cyberspace recently issued its final report, […]