BMW AG is set to effectively bail out its flailing Chinese joint-venture partner. For the German carmaker, that’s a smart move. BMW’s China unit is close to a deal to buy production assets worth $252 million from the parent of its main partner, Brilliance Auto, Bloomberg News reported citing people familiar with the matter. The information was disclosed at a ...

China’s latest tightening of gaming rules is much ado about nothing. Except, of course, that nothing Beijing does is minor or inconsequential these days because everything the leadership says should be taken both literally and seriously. Shares of the nation’s leading games providers including Tencent Holdings Ltd, NetEase Inc, Bilibili Inc. and Huya Inc tumbled after the National Press and ...

Lost wars are supposed to provoke soul-searching. In America, they usually bring historical revisionism instead. When once-good wars go bad, Americans tend to conclude that there was never anything redeeming about them in the first place. This impulse is already coloring the debate over Afghanistan. It won’t help the US recover or learn from defeat. Much of the flourishing “who ...