China is eroding American dominance in many arenas — just not the one that’s been fixating the world for the past week. With global capital markets in turmoil, China has been largely absent from the conversation. Plenty of players are in the mix, from the Federal Reserve, to inflation, to volati ity, to earnings, to stretched valuations. But China has ...

Nowhere did Tuesday’s launch of SpaceX’s Falcon Heavy rocket echo as powerfully as in Russia. The private US company continues to produce technical feats on which the Russian space industry has given up: First the consistent reuse of rockets, and now the successful launch of a rocket with as many as 27 engines. The Soviet Union tried something similar in ...

While equity markets were braving a cold, bleak meltdown in Hong Kong, the bond market was basking in sunshine — or at least trying to keep itself warm in the not-so-bright glow of Sunshine 100 China Holdings Ltd.’s $165 million dollar bonds. Amid the carnage, and with Goldman Sachs Group Inc. warning of more pain ahead, the stressed Chinese builder, ...