Since December 2015, China’s government has been talking up what it calls supply-side reform. State media says the goal is “stimulating business through tax cuts, entrepreneurship and innovation while phasing out excess capacity.” That sounds reasonable. In reality, though, supply-side reform is doing almost nothing to reduce capacity, and may well be worsening the inefficiencies that are holding back China’s ...

The sheer nastiness of Donald Trump-Hillary Clinton TV debates and the deft verbal fencing of French presidential candidates are still fresh in watchers’ memory. No wonder many were disappointed by Sunday’s ‘TV duel’ between German Chancellor Angela Merkel and Social Democratic Party leader Martin Schulz, which Merkel won, according to polls. To many, the tame debate looked more like a ...

Nothing makes a tech company quake in its boots so much as the sight of Apple Inc. marching into its territory. It’s a big deal for Western Digital Corp. not only to have Apple throw its hat in the ring of the Toshiba Corp. chip fight, but to have that name brandished like a weapon. Foxconn Technology Group, long a ...