“Do you want to see yourself acting in a movie or on TV?” said the description for one app on online stores, offering users the chance to create AI-generated synthetic media, also known as deepfakes.

“Do you want to see your best friend, colleague, or boss dancing?” it added. “Have you ever wondered how would you look if your face swapped with your friend’s or a celebrity’s?”

The same app was advertised differently on dozens of adult sites: “Make deepfake porn in a sec,” the ads said. “Deepfake anyone.”

How increasingly sophisticated technology is applied is one of the complexities facing synthetic media software, where machine learning is used to digitally model faces from images and then swap them into films as seamlessly as possible.

The technology, barely four years old, may be at a pivotal point, according to interviews with companies, researchers, policymakers and campaigners.

Read it all.

Deepfake anyone: AI synthetic media tech enters perilous phase https://t.co/pLR50oOOCL pic.twitter.com/TmhvzmuiL7

— Andy Vermaut (@AndyVermaut) December 20, 2021

With U.S. retailers willing to pay almost any price to get their goods to American shores in time for the holidays, ocean carriers have redeployed container ships from the developing world to the more lucrative Asia-to-United States trade lanes, where rates for some shipments this fall were 15 times pre-pandemic levels, according to the Freightos index.

That’s helped fill American store shelves — and carriers’ coffers — but it has battered many African shippers, according to interviews with more than 30 maritime analysts, shippers, freight forwarders and cargo carriers in the United States, Africa and elsewhere.

Already lagging in coronavirus vaccinations, Africa risks becoming collateral damage in the supply wars. The International Monetary Fund says the 45 nations of sub-Saharan Africa are mired in the slowest economic recovery of any region, with supply chain disruptions helping fuel inflation at roughly twice its pre-pandemic level.

“Africa, sadly, I can’t think of any other continent that is last on the rung. Africa will be the last to come out of this,” [Aditya] Awtani said.

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Africa is left with the fallout of the US supply chain crisis

Ships have been diverted to the US/Europe, leaving many developing nations w/out basic supplies.

More great supply chain reporting from @davidjlynch https://t.co/flCTdUUODa

— Heather Long (@byHeatherLong) December 17, 2021

The executives had a good feeling about Jan. 10, 2022 — the date when DocuSign’s 7,000 employees worldwide would finally come back to work.

This deadline wouldn’t be like that earlier one in May 2020, which was always a fantasy, or August 2020, which was a bit ambitious, or October 2021, a plan derailed by the Delta variant. Fourth time’s the charm.

“Every time we delay this we’re pushing off the inevitable,” said Joan Burke, the chief people officer, in a late November interview. “At some point in time DocuSign is going to be open.”

That some point in time is no longer in January. The Omicron variant interjected. Just as companies from Ford Motor to Lyft have done in the past week, DocuSign postponed again. In place of a new date came the company’s promise to “reassess our plans as 2022 unfolds.”

Read it all.

“The End of a Return-to-Office Date” via @NYTimes’ @emmabgo.

“The only companies being dishonest are the ones giving employees certainty,” said Nicholas Bloom, a Stanford professor who advises dozens of chief executives.https://t.co/BqTC19bGjJ

— David Ford (@ItsDavidFord) December 12, 2021

Elon Musk (@elonmusk) is TIME's 2021 Person of the Year #TIMEPOY https://t.co/8Y5BhIldNs pic.twitter.com/B6h6rndjIh

— TIME (@TIME) December 13, 2021

I recently asked a team of our advanced analysts to establish an over/under for how many U.S. employees will not be returning to the office full time in the future.

Here are some key facts I learned from them. There are 125 million full-time jobs in America. Of those, right at 50% — or about 60 million — report that their current job can be done remotely working from home. We interviewed a representative sample of them.

The research design included organizations ranging from accounting firms where all employees can work from home (WFH) to construction companies where 10% of employees are in corporate backrooms and can also work remotely. The sample includes everyone from any kind of organization who believes they can do their work from home.

Of those 60 million potential WFH employees, a staggering 30% said they would prefer to “never” come into the office during the week. Ten percent (10%) said they prefer working all five days in the office. The middle 60% want a blend of one to four days per week. The most common preference was two to three days in the office per week.

Read it all.

Gallup reports what many of us know: office life isn't going back to normal. They predict almost 2 in 5 desks will be unoccupied in 2022, even as the pandemic becomes less disruptive. https://t.co/oSVXxp5TGh

— Kevin Donahue (@kevdonahue) December 8, 2021

CARNAÚBA DOS DANTAS, Brazil — The land has sustained the Dantas family for more than 150 years, bearing fields of cotton, beanstalks up to a grown man’s hip and, when it rained enough, a river that led to a waterfall.

But on a recent day, with temperatures approaching 100 degrees, the river had run dry, the crops would not grow and the family’s 30 remaining cattle were quickly consuming the last pool of water.

“Fifty years from now, there won’t be a soul living here,” said Inácio Batista Dantas, 80, balanced in a frayed hammock. “I tell my grandchildren that things are going to get very difficult.”

His granddaughter, Hellena, 16, listened in — and pushed back. She grew up here. “I plan to work this land,” she said.

Read it all.

“Fifty years from now, there won’t be a soul living here.”

Much of Brazil’s northeast is effectively turning into a desert. Climate change is one culprit, but residents have also made short-term decisions to get by that have had long-term consequences. https://t.co/Wl09K4yNS5

— The New York Times (@nytimes) December 3, 2021

The spike in staff departures known as the Great Resignation is centred on America: a record 3% of the workforce there quit their jobs in September. But employees in other places are also footloose. Resignations explain why job-to-job moves in Britain reached a record high in the third quarter of this year.

Some of the churn is transitory. It was hard to act on pent-up job dissatisfaction while economies were in free fall, so there is a post-pandemic backlog of job switches to clear. And more quitting now is not the same as sustained job-hopping later. As Melissa Swift of Mercer, a consultancy, notes, white-collar workers in search of higher purpose will choose a new employer carefully and stay longer.

But there is also reason to believe that higher rates of churn are here to stay. The prevalence of remote working means that more roles are plausible options for more jobseekers. And the pandemic has driven home the precariousness of life at the bottom of the income ladder. Resignation rates are highest in industries, like hospitality, that are full of low-wage workers who have lots of potentially risky face-to-face contact with colleagues and customers.

Read it all (requires registration).

For white-collar types the split between office and home is what counts. For blue-collar workers, single parents especially, it’s time management https://t.co/xT3EzrlqPa

— The Economist (@TheEconomist) November 27, 2021

On Disney+, which launched in Hong Kong on Nov. 16, episodes 11 and 13 of season 16 are viewable in the Chinese territory, but not episode 12, which first aired in 2005. That episode was available over the weekend in Singapore, where Disney+ launched earlier this year.

“This is the first notable time an American streaming giant has censored content in Hong Kong,” said Kenny Ng, an associate professor specializing in film censorship at Hong Kong Baptist University.

“Basically, the whole story is for streaming companies to be more tailored to a Chinese audience and to not offend the Chinese government,” he added. “This is likely to continue in the future with more companies with financial interests in China.”

Read it all (subscription).

Disney+ omits an episode of “The Simpsons” in Hong Kong that mentions the 1989 Tiananmen Square crackdown, in what appears to be one of the first cases of a major U.S. streaming giant censoring content in the city https://t.co/3bqWnPtR3m

— Bloomberg (@business) November 29, 2021

The first annual analysis of major energy company transition plans to be released since COP26 has found that only 1 in 10 are ambitious enough to keep global warming to 1.5°C.

This energy sector report is the first to feature TPI’s 1.5°C benchmark which assesses corporate targets against the IEA’s pathway to keep to 1.5°C of warming.

TPI assessed 140 of the largest energy companies (76 electric utilities, 58 oil & gas, 6 diversified miners involved in coal mining) on ‘Carbon Performance’ finding that 10% were aligned with a pathway to keeping global warming to 1.5°C, and a further 24% were aligned with a ‘Below 2°C’ pathway.

Read it all.

New energy report from @tp_initiative finds only 1 in 10 companies are ambitious enough to keep global warming to 1.5°C@actmatthews says investors need to engage: "if we reshape demand we reshape the energy providers."https://t.co/pRgCKA93OB

— Church of England Environment Programme (@CofEEnvironment) November 29, 2021

Vladimir Lenin believed that a tiny vanguard could, through force of will, harness historical forces to transform how global capitalism works. He was right. However, the revolutionaries have not been bearded Bolsheviks but a few thousand investors, mostly based in Silicon Valley, running less than 2% of the world’s institutional assets. In the past five decades, the venture-capital (vc) industry has funded enterprising ideas that have gone on to transform global business and the world economy. Seven of the world’s ten largest firms were vc-backed. vc money has financed the companies behind search engines, iPhones, electric cars and mrna vaccines.

Now capitalism’s dream machine is itself being scaled up and transformed, as an unprecedented $450bn of fresh cash floods into the vc scene. This turbocharging of the venture world brings significant risks, from egomaniacal founders torching cash to pension pots being squandered on overvalued startups. But in the long run it also promises to make the industry more global, to funnel risk capital into a wider range of industries, and to make vc more accessible to ordinary investors. A larger pool of capital chasing a bigger universe of ideas will boost competition, and is likely to boost innovation, leading to a more dynamic form of capitalism.

The vc scene has its roots in the 1960s and has been a misfit in the financial world. In contrast to Wall Street’s suits, sophistication and Hamptons mansions, it prefers fleeces, nerdiness and Californian villas. Its distinctiveness is also a matter of intellectual emphasis. As mainstream finance has grown bigger, more quantitative and more preoccupied with slicing and dicing the cashflows of mature firms and assets, vc has remained a cottage industry that cuts against the grain, seeking to find and finance entrepreneurs who are too callow or strange to sit in a room with staid bankers, and ideas that are too novel for mbas to capture in financial models.

The results have been striking. Despite investing relatively modest amounts over the decades, America’s vc funds have seeded firms that are today worth at least $18trn of the total public market.

Read it all.

The Economist on venture capital – https://t.co/tAGOJSvyBr

I've made this argument for several years, VC is the asset class of the exponential age – complex, intangible driven businesses need this class of capital.

— Azeem Azhar (@azeem) November 27, 2021

Read it all.

The pandemic has made humanity’s demographic imbalance more obvious — rapidly aging rich nations produce too few new workers, while countries with a surplus of young people often lack work for all. https://t.co/PLbxPOQnOX

— New York Times World (@nytimesworld) November 24, 2021

For months, the putt-putt course sat unused. The beanbag chairs lay empty. The kitchen whiteboard, above where the keg used to live, displayed in fading marker “Beers on Tap” from a happy hour in March 2020.

But on a recent weekday, over in the common area was a sign of life — fresh bagels.

As employees at the financial technology start-up CommonBond got Covid vaccines, and grew stir-crazy in their apartments, they started trickling back into the office.

“We call it Work From Work Wednesday,” said Keryn Koch, who runs human resources at the company, which has 15,000 square feet of sunlit SoHo real estate.

At one point, autumn had been billed across corporate America as the Great Office Reopening. The Delta variant intervened, and mandatory return-to-office plans turned optional. Still, many people chose to report back to their desks: The share of employed people who worked remotely at some point during the month because of Covid, which had peaked in May 2020 at 35 percent, dropped in October to 11 percent, the lowest point since the pandemic began, according to the Bureau of Labor Statistics.

Read it all.

Many companies are grappling with how to balance the needs of their remote and in-person employees as people trickle back to offices. Many workers are in the mushy middle ground, with flexibility, and all the benefits it confers, at stake.https://t.co/gkvnL8ZCuj

— The New York Times (@nytimes) November 16, 2021

The Church of England too is ditching stocks over climate concerns, even if Joffe says she believes that “having a seat at the table” is generally more effective. Last year, the church’s two investment bodies restricted investments in companies including Berkshire Hathaway and Korea Electric Power Corp over climate change concerns.

Joffe says a tougher approach, involving activism and divestment, “will have to become more mainstream”, especially if asset managers and asset owners are to meet their net zero commitments.

For companies, this means a tougher time from shareholders, says Tom Matthews, a partner who specialises in corporate activism at White and Case. He adds the “narrative around climate change has shifted significantly versus where it was in 2015”, when the Paris agreement was signed. “We’re seeing companies getting targeted because they haven’t woken up quickly enough.”

As for Aviva Investors, Baig says he believes the UK asset manager will end up selling out of at least some of the companies it is targeting because they are not making progress quick enough. “We have to be bold enough to walk way,” he says.

Read it all.

Stay or sell? The $110tn investment industry gets tougher on climate https://t.co/JqKFSC5rdn

— FT Markets (@FTMarkets) November 9, 2021

The world is on track for disastrous levels of global heating far in excess of the limits in the Paris climate agreement, despite a flurry of carbon-cutting pledges from governments at the UN Cop26 summit.

Temperature rises will top 2.4C by the end of this century, based on the short-term goals countries have set out, according to research published in Glasgow on Tuesday.

That would far exceed the 2C upper limit the Paris accord said the world needed to stay “well below”, and the much safer 1.5C limit aimed for at the Cop26 talks.

At that level, widespread extreme weather – sea-level rises, drought, floods, heatwaves and fiercer storms – would cause devastation across the globe.

Read it all.

Cop26: world on track for disastrous heating of more than 2.4C, says key report https://t.co/9CZbZnVBdM

— The Guardian (@guardian) November 10, 2021

The international climate summit here has been billed by its chief organizer as the “last, best hope” to save the planet. But as the United Nations conference enters its second week and negotiators from 197 countries knuckle down to finalize a new agreement to tackle global warming, attendees were sharply divided over how much progress is being made.

There’s the optimistic view: Heads of state and titans of industry showed up in force last week with splashy new climate promises, a sign that momentum was building in the right direction.

“I believe what is happening here is far from business as usual,” said John Kerry, President Biden’s special envoy on climate change, who has been attending U.N. climate summits since 1992. “I have never counted as many initiatives and as much real money — real money — being put on the table….”

Then there’s the pessimistic view: All these gauzy promises mean little without concrete plans to follow through. And that’s still lacking. Or, as the Swedish activist Greta Thunberg put it, the conference has mostly consisted of “blah, blah, blah.”

Read it all.

"The actual negotiations here are in danger of being drowned out by a blitz of news releases that get great headlines, but are often less than meets the eye,” Glasgow Deliver on a Global Climate Deal? https://t.co/hfAQFA5tB5

— Karen Greenshields🍊 (@boucliersverts) November 9, 2021

Some Christians may think that the words “faith” and “wealth creation” are incompatible, but Matt Bird isn’t one of them. Last year the social entrepreneur called on Britain’s churches to start businesses and to encourage their parishioners to do the same. Now Bird, founder and chief executive of Nayba, the Christian charity, wants them to go a step further.

“A food parcel can sustain a person and their family for a few days, but a small business can sustain it indefinitely,” he said. “The Church often over-spiritualises and underplays practical answers to community needs. I believe that the ability to start a business is a God-given gift and that we should encourage the Church to do this as a way of serving the community.”

He wrote his column in The Times in January 2021 — headlined “It’s time for faith-driven entrepreneurs to emerge” — expecting to be “shot down in flames” for suggesting that the Church should get involved in profit-making. Instead, he has been inundated with inquiries from churches nationwide eager to help people to become entrepreneurs. He rapidly formulated his ideas into a book and a month later published The Spirit of Enterprise: Helping entrepreneurs transform neighbourhoods on Amazon.

Read it all (subscription required).

"Enterprise has a biblical footing based on the idea that wealth can foster wellbeing if it is used in the right way." On the "Spirit of Enterprise" course in churches https://t.co/eyYQBRTGHw

— Madeleine Davies (@MadsDavies) November 8, 2021

Google owner Alphabet has launched an artificial intelligence company to discover new drugs.

UK-registered Isomorphic Labs will use technology from its sister company DeepMind “to accelerate drug discovery, and ultimately, find cures for some of humanity’s most devastating diseases,” said Demis Hassabis, the head of DeepMind, in a blog post. He added that he would also become the chief executive of Isomorphic Labs.

Scientists around the world were awed in July when DeepMind unveiled how its AlphaFold2 technology could be used to predict the shape of every protein in the human body with almost perfect accuracy.

DeepMind’s model can solve one of the trickiest problems in biology by taking a sequence of amino acids and mapping the twists and turns of its shape. The algorithm could help replace or enhance painstaking laboratory work to identify the structures of proteins, which dictate how they behave.

Read it all.

Alphabet launches AI company to discover new drugs https://t.co/DCdq8DOHCO "DeepMind said it would use the technology to try to find treatments for Chagas disease and Leishmaniasis, two of the most deadly diseases in the world."

— Kristof Decoster (@KristofDecoste1) November 4, 2021

More than 30 leading financial institutions, representing over US$ 8.7 trillion in assets under management, including the Church Commissioners for England, have committed to tackle agricultural commodity-driven deforestation as part of broader efforts to drive the global shift towards sustainable production and nature-based solutions.

Ending deforestation and implementing natural climate solutions could provide a third of the solution to achieving the Paris climate target, help halt and reverse biodiversity loss, and support human rights and food security.

With most deforestation driven by unsustainable production practices for palm oil, soy, cattle products and pulp and paper, resulting in more carbon emissions annually than the EU, action on these commodities is particularly urgent, which is the focus of the commitment made today.

Today’s commitment – to use best efforts to eliminate agricultural commodity-driven tropical deforestation from portfolios by 2025 – is clear evidence of the increasing awareness of the systemic risks and associated actions needed to address deforestation related to production of these commodities and accelerate the transition to sustainable commodity production.

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Church Commissioners among leading financial institutions to commit to actively tackle deforestation https://t.co/cMS0hHVQWs

— Simon Sarmiento (@simonsarmiento) November 2, 2021

In a sweeping accord aimed at protecting the world’s forests, which are crucial to absorbing carbon dioxide and slowing the rise in global warming, leaders of more than 100 countries gathered in Glasgow vowed on Tuesday to end deforestation by 2030.

President Biden said the United States would contribute billions to the global effort to protect the ecosystems that are vital for cleaning the air we breathe and the water we drink, and keeping the Earth’s climate in balance.

The pact — which includes countries like Brazil, Russia, China and the United States — encompasses about 85 percent of the world’s forests, officials said.

“These great teeming ecosystems — these cathedrals of nature,” Prime Minister Boris Johnson of Britain said in announcing the agreement, “are the lungs of our planet.”

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In a sweeping accord struck at #COP26, world leaders pledged to work together to end deforestation by 2030, seeking to preserve forests to slow the rise in global warming.https://t.co/pCjBDHeALv pic.twitter.com/dG1udrSJZG

— The New York Times (@nytimes) November 2, 2021

The Church of England is to consult dioceses, cathedrals, national institutions, parishes, schools, and other interested parties on a proposed routemap to achieve net zero carbon by 2030, as papers are published for November’s inaugural meeting of a new General Synod.

The draft routemap, published among today’s General Synod papers, suggests how all parts of the Church of England can make changes together to achieve the ambitious target set by General Synod in 2020 to be net zero carbon 20 years ahead of the Government’s targets.

It includes recommendations for building maintenance, heating and the availability of specialist advice for each setting alongside how the central Church and dioceses can offer support.

The newly elected Synod will be formally inaugurated on Tuesday November 16 at the start of a two-day meeting.

Items on the agenda include a debate on the wealth gap in the UK and discussions about Church matters including the recent review of governance and the development of a new vision and strategy for the Church of England in the 2020s and beyond.

That includes an ambitious goal to double the number of children and young people in churches.

Read it all.

We are consulting dioceses, cathedrals, parishes, schools, and other interested parties on a draft plan for the Church of England to achieve net zero carbon by 2030.

Find out more at https://t.co/CK6P6iqRjs.

— The Church of England (@churchofengland) October 28, 2021

Since becoming founding members of the Financing a Just Transition Alliance in 2020, the Church Commissioners for England and Church of England Pensions Board have been active in identifying concrete steps that the financial sector can take to ensure that no-one is left behind as part of the transition to a low carbon economy.

This engagement with high carbon emitting investee companies has focussed on the issue of a Just Transition, ensuring that workers and communities are not left behind and are appropriately supported in the low-carbon transition.

Each company was actively considering how to address and achieve a Just Transition. However, their approaches varied greatly depending on factors such as location, developed versus emerging market, relationship with unions, governance, company size, status as local or international company, and ability to transfer and reskill employees within their own operations. For example, one company that the Commissioners is engaging with is training the operators of coal-fired facilities in a developing country to work in the fishing industry.

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At least once a week, a team of President Biden’s top advisers meet on Zoom to address the nation’s supply chain crisis. They discuss ways to relieve backlogs at America’s ports, ramp up semiconductor production for struggling automakers and swell the ranks of truck drivers.

The conversations are aimed at one goal: taming accelerating price increases that are hurting the economic recovery, unsettling American consumers and denting Mr. Biden’s popularity.

An inflation surge is presenting a fresh challenge for Mr. Biden, who for months insisted that rising prices were a temporary hangover from the pandemic recession and would quickly recede. Instead, the president and his aides are now bracing for high inflation to persist into next year, with Americans continuing to see faster — and sustained — increases in prices for food, gasoline and other consumer goods than at any point this century.

That reality has complicated Mr. Biden’s push for sweeping legislation to boost workers, expand access to education and fight poverty and climate change. And it is dragging on the president’s approval ratings, which could threaten Democrats’ already tenuous hold on Congress in the 2022 midterm elections.

Read it all.

Obama WH economist ⁦@jasonfurman⁩: “The original sin was an oversized American Rescue Plan. It contributed to both higher output but also higher prices.” https://t.co/zO8SKQjuCW

— Josh Kraushaar (@HotlineJosh) October 26, 2021

The number of people quitting their jobs has surged to record highs, pushed by a combination of factors that include Americans sensing ample opportunity and better pay elsewhere.

Some 4.3 million people quit jobs in August — about 2.9 percent of the workforce, according to new data released Tuesday from the Labor Department. Those numbers are up from the previous record, set in April, of about 4 million people quitting, reflecting how the pandemic has continued to jolt workers’ mind-set about their jobs and their lives.

The phenomenon is being driven in part by workers who are less willing to endure inconvenient hours and poor compensation, who are quitting instead to find better opportunities. According to the report, there were 10.4 million job openings in the country at the end of August — down slightly from July’s record high, which was adjusted up to 11.1 million, but still a tremendously high number. This gives workers enormous leverage as they look for a better fit.

The implications of this shift could be long-lasting.

Read it all.

“Normally, churn in the labor market reflects workers feeling more confident in the economy, willing to risk the security of their current job for a new opportunity. But the scale of these new changes has added an element of unpredictability.” https://t.co/sHjvWgl4Fu

— Josh Kraushaar (@HotlineJosh) October 12, 2021

Like toy blocks hurled from the heavens, nearly 80,000 shipping containers are stacked in various configurations at the Port of Savannah — 50 percent more than usual.

The steel boxes are waiting for ships to carry them to their final destination, or for trucks to haul them to warehouses that are themselves stuffed to the rafters. Some 700 containers have been left at the port, on the banks of the Savannah River, by their owners for a month or more.

“They’re not coming to get their freight,” complained Griff Lynch, the executive director of the Georgia Ports Authority. “We’ve never had the yard as full as this.”

As he speaks, another vessel glides silently toward an open berth — the 1,207-foot-long Yang Ming Witness, its decks jammed with containers full of clothing, shoes, electronics and other stuff made in factories in Asia. Towering cranes soon pluck the thousands of boxes off the ship — more cargo that must be stashed somewhere.

Read it all.

It has come to this in the Great Supply Chain Disruption: they are running out of places to stash things at one of the largest ports in the United States. My story from Savannah with magnificent photos from ⁦@erinschaff⁩ https://t.co/8jVdNQB3zM

— Peter S. Goodman (@petersgoodman) October 10, 2021

Children across much of Africa are to be vaccinated against malaria in a historic moment in the fight against the deadly disease.

Malaria has been one of the biggest scourges on humanity for millennia and mostly kills babies and infants.

Having a vaccine – after more than a century of trying – is among medicine’s greatest achievements.

The vaccine – called RTS,S – was proven effective six years ago.

Now, after the success of pilot immunisation programmes in Ghana, Kenya and Malawi, the World Health Organization says the vaccine should be rolled out across sub-Saharan Africa and in other regions with moderate to high malaria transmission.

Read it all.

Children across much of Africa are to be vaccinated against malaria in a historic moment in the fight against the deadly diseasehttps://t.co/WXJjfJY39H

— BBC Breaking News (@BBCBreaking) October 6, 2021

Chinese tech companies are reeling from regulation. Nervous creditors are hoping for a bailout for China’s largest developer. Growing numbers of executives are going to jail. An entire industry is shutting down.

For China’s leader, Xi Jinping, it’s all part of the plan.

Under Mr. Xi, China is reshaping how business works and limiting executives’ power. Long in coming, but rapid in execution, the policies are driven by a desire for state control and self-reliance as well as concerns about debt, inequality and influence by foreign countries, including the United States.

Emboldened by swelling nationalism and his success with Covid-19, Mr. Xi is remaking China’s business world in his own image. Above all else, that means control. Where once executives had a green light to grow at any cost, officials now want to dictate which industries boom, which ones bust and how it happens. And the changes offer a glimpse of Mr. Xi’s vision for managing the economy, ahead of a political meeting expected to solidify his plans for an unprecedented third term in charge.

Read it all.

Xi Jinping is remaking China’s business world in his own image. Where once executives had a green light to grow at any cost, officials now want to dictate which industries boom, which ones bust and how it happens. https://t.co/2ZMJCFBwnM

— New York Times World (@nytimesworld) October 5, 2021