China has suffered a series of diplomatic blows lately. Relations with the US are at a multi-decade low as a trade war escalates. This month, Malaysia suspended four Chinese-backed projects as its prime minister tries to pull away from Beijing’s orbit. From Myanmar to Sri Lanka to Vietnam, China’s overseas investm-ents are being met with a growing backlash. These are ...

Tencent Holdings Ltd.’s strategy for expanding WeChat Pay globally is pretty straightforward: Follow the (tourism) money. Grace Yin, operations director of WeChat Pay’s international business, summarised Tencent’s approach at the RISE Conference earlier this month in Hong Kong: If a place has a Chinese tourist, then this place is our target. It’s a smart strategy. Simple, elegant and actionable with ...

India needs a strategy to get the government out of banking. Non-performing loans among state-owned banks — a legacy of India’s socialist past which account for nearly 70 percent of deposits — have crossed 5 percent of GDP. The central bank has restricted lending at 11 of them and forced one, IDBI Bank Ltd., to sell itself to the government-owned ...