A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasizing that this isn’t so. But they’ll have to do a lot more to change expectations in a state-dominated economy. Wealth management products are short-term, high-yielding investments that are issued by …

  Disputes between Mexico and the United States over the North American Free Trade Agreement are not new. In March 2009, after years of litigation, the US government abruptly suspended a pilot program that allowed Mexican truck drivers to deliver goods across the border. Mexico retaliated, imposing tariffs as high as 45 percent on $2.4 billion worth of US goods …

  Not-for-profit industries are hardly associated by most investors with rising returns. Not so in China, whose private-school sector has become initial public offering gold in Hong Kong. Two of the city’s five biggest IPOs so far this year have been of Chinese nonprofit school operators: China Yuhua Education Corp., which made its trading debut this week, and Wisdom Education …