When it comes to China, the commonly used term “second-tier cities” is a misnomer, says Robert Lawrence Kuhn, an investment banker and author of How China’s Leaders Think. The so-called ...

Fast forward four years, Zhang is owed 10 million yuan ($1.4 million) from finished projects, as even China’s rich regions suffer from the nation’s economic slowdown.

Protests against strict Covid measures in China have spilled into a second night and spread to the biggest cities. Demonstrators gathered in the capital Beijing and the financial hub Shanghai.