The prospect of higher tariffs under President-elect Trump spurred the company to accelerate its plan to shift where its shoes are made.

© Bing Guan/Reuters

The prospect of higher tariffs under President-elect Trump spurred the company to accelerate its plan to shift where its shoes are made.

Forest City was an audacious $100 billion project by a top Chinese developer. Today, the project is a fraction of what had been planned and the developer is broke.

After seeing prices decline for years, Chinese officials have made a burst of policy changes aimed at making it easier to buy homes.

Authorities also imposed a six-month suspension on the local operations of the global firm, which was once a dominant auditor in China.

Beijing said the move was in line with international trends, as more countries have limited such adoptions. Many would-be adoptive families were left in limbo.

China has the world’s largest population of people 65 or older, and more and more of them are unattached.