BEIJING—Activity in China’s services sector contracted at the sharpest pace in two years in March as a surge in coronavirus cases restricted mobility and weighed on demand, a private sector survey showed on Wednesday. The Caixin services Purchasing Managers’ Index (PMI) dived to 42.0 in March from 50.2 in February, dropping below the 50-point mark…

News Analysis International investors will find investing in China harder given the censorship of respected business news, and the state-fueled rise of communist nationalism. Beijing is imposing new pressure on Caixin Media, one of China’s most respected business news sources. On Oct. 21, China’s internet watchdog deleted Caixin from its list of 1,358 approved sources….

A leading Chinese financial news outlet has fallen out of favor with Beijing, as China has banned its online content—well known for its investigative reporting—from any republishing. The country’s top internet regulator unveiled an updated list on Oct. 20 of internet news providers whose content can be republished. The list, with over 1,300 news sites…

News Analysis The Chinese Communist Party’s (CCP) coming ban on non-state media in China expands Xi Jinping’s power at the expense of his domestic rivals and the Chinese economy. The CCP is making yet another move to consolidate its growing power. Non-state media will likely be banned in the near future. That means outlets like…