A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

After weeks of lockdown, a slew of staff at a Chinese tech factory struggled with officials and ran through isolation barriers, a staggering collapse of the Communist Party’s efforts to save COVID-19 infections.
Since the beginning of April, the Shangh…

Tough conditions and botched management cause erosion of faith in regime’s ability to govern

Bill Burns tells FT conference that invasion may have affected Xi Jinping’s calculations over Taiwan