Italian tiremaker Pirelli announced on Wednesday that a government investigation had been launched into the company’s largest shareholder over concerns that the Chinese investor may have breached Italy’s “golden power” rule. Sinochem, China’s largest

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A visitor poses for pictures at Castle Hotel on the man-made Ocean Flower Island, an integrated resort development by China Evergrande Group, in Danzhou, Hainan Province, China, on Jan. 7, 2022. (Aly Song/Reuters)As China’s economy continues to flounder and Chinese consumers pinch pennies, the Chinese hotel industry is struggling, even during the normally busy holiday season that includes October’s National Day week and November’s “Double 11” holiday—Nov. 11,

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