The Brands That Kowtow to China

Richard Bernstein from New York Review of Books
There’s been no joking as the apologies to China have come thick and fast in recent weeks, issued not by teenage singers but by some of the largest and richest multinational corporations in the world—the German luxury car manufacturer Daimler, the...

China’s Wanda Signals Retreat on Debt-Fueled Acquisition Binge

Sui-Lee Wee
New York Times
The Chinese conglomerate Dalian Wanda Group has epitomized the country’s high-flying deal makers, building a vast global empire of theme parks, real estate developments, and movie theaters across the United States.

State Department Stays Quiet About Exit from Chinese-Owned Waldorf Astoria

Mahita Gajanan
Guardian
UN general assembly will be held at different hotel for first time in decades.

Waldorf Astoria NY hotel sold to China’s Anbang for $1.95bn

Anna Nicolaou
Financial Times
The sale allows the companies to “finally maximise the full value of this iconic asset on a full city block in midtown Manhattan,” said Christopher Nassetta, chief executive of Hilton Worldwide.

China's Deluxed Hotels: Modern Sumptuary Laws

Economist
The new humility of both officials and hotels is a response to Xi's campaign against lavish spending. ...

Amid China’s Anti-Extravagance Sweep

James T. Areddy, Fanfan Wang
Wall Street Journal
Chinese hotels are downgrading to attract business from officials who are limited by “morality” campaigns.

Soft Power: China's Wanda Eyes U.S. Hotel, Movie Deals

Terrill Yue Jones
Reuters
Wanda, the world's No 1 movie theater owner, is planning a $10 billion spending spree to make Hollywood film co-productions and buy and build hotels in U.S. cities. ...

China WIll Build the Tallest Building in the World in Just 90 Days

Jesus Diaz
Gizmodo
Sky City and its 2,749 feet distributed over 220 floors will grow in just 90 days in Changsha city, at the rate of five floors per day.