As the economy slows, China's crackdown on the rich and famous may be an attempt to distract from ordinary families' anxiety over their children's future.

As the economy slows, China's crackdown on the rich and famous may be an attempt to distract from ordinary families' anxiety over their children's future.

E-commerce giant Alibaba Group says it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly.