An escalating trade war, rising oil prices and a bear market in stocks — China Inc. is struggling. A multibillion-yuan windfall from corporate tax cuts might be the only way to revive animal spirits. Yet Beijing is walking the other way, preparing to break the camel’s back. Starting in January, China’s tax offices will collect companies’ social-security contributions as part ...

He may have struggled to mend India’s broken banking system, but at least Prime Minister Narendra Modi is shrinking the number of state-run banks to 19 from 26. Although that’s nowhere close to the original idea of ending up with just six, it’s a good start. The next step will be to nudge most taxpayer-funded banks away from me-too corporate ...

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...