If President Joe Biden is planning to transform America’s infrastructure with the $2.25 trillion plan unveiled last week, he could do worse than learn from China. Its spending on roads, rails, bridges, metro systems and telecommunications and new cities since the 2008 financial crisis has transformed the country. A nation that opened its first true high-speed rail line between Beijing ...

Xiaomi Corp’s plans to move into electric vehicles are big, bold and brave. They’re also entirely in keeping with the smartphone company’s business model of developing a brand rather than the hardware it sells. After announcing earlier this month that it will join the long list of those wanting to make cars, the Beijing-based company put a price tag on ...

Which part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve. The rich had a great run, but they didn’t even come close to the percentage gains in real wealth seen ...