Life in the fast lane: “Some of the ‘fuerdai’ have a crush on the life of luxury ... they drive Bentley, Maserati, Porsche and so on”

When news broke online that Wang Sicong, son of Wang Jianlin, China’s richest man, had spent €350,000 in a single night at a karaoke bar in Beijing, (...)

Saudi deputy crown prince and defence minister Mohammed bin Salman  welcomes China’s president Xi Jinping  in Riyadh on Tuesday. Photograph: Reuters/Saudi Press Agency

China’s president Xi Jinping has embarked on a trip to the Middle East, including to bitter rivals Saudi Arabia and Iran, during which oil diplomacy w(...)

President Xi Jinping has called for greater efforts to guide  children of China’s nouveau riche to “live a positive life”. Photograph: Seong Joon Cho/Bloomberg

Perhaps the fact that the children of the nouveau riche, the tuhao generation mentioned in a recent Asia Briefing column, are being sent to special sc(...)

Kenyan men work at a road construction site near Isiolo town, 320km north of Nairobi, in July 2008. The road was being built by China Wuyi, a Chinese state company, and funded by African Development Bank and the Kenyan government. Since then the scale of Chinese aid to Africa has increased dramatically. Photograph: Antony Njuguna/Reuters

Chinese aid to Africa is creating pariah states rather than just supporting them, claim the findings of a study that reviews the relationship between (...)

Zhou Yongkang: he has been accused of a range of crimes ranging from taking bribes to having mistresses to leaking state secrets. Photograph: Anindito Mukherjee/EPA

While China waits for a trial date for former security chief Zhou Yongkang, an inquiry has yielded evidence that he ordered unauthorised spying on to(...)

Xi Jinping samples an Irish coffee while visiting a   farm in Sixmilebridge, Co Clare, during a visit to Ireland in  2012. China’s president has never lacked the common touch. Photograph: Maxwell’s/Reuters

China’s president, Communist Party boss and army chief Xi Jinping bolstered his credentials as a world leader during the recent gathering of Asia-Paci(...)

Former Chinese security chief Zhou Yongkang, the most senior target yet of President Xi Jinping’s anti-corruption crackdown. Photograph: Feng Li/Getty Images

The investigation into former security czar and member of the Politburo’s all-powerful Standing Committee, Zhou Yongkang, makes him the most senior v(...)

Stephen Schwarzman: has contributed €73 million to his scholarship programme

Wall Street mogul Stephen Schwarzman, whose Blackstone firm is one of the most biggest global players in the private equity business, held a groundbre(...)

The Chinese Communist Party installed Li Keqiang as premier yesterday. The new second in command will be the public fac(...)

A subway in Shanghai yesterday where a TV  screen shows   China's newly elected president  Xi Jinping. Photograph: Carlos Barria/Reuters

In the months leading up to the National People’s Congress, which yesterday appointed Xi Jinping as president, the Xinhua n(...)