Tight finances? Chinese Communist Party raises the proportion of state-owned enterprise profits to be handed up to 35%
On March 29, the Chinese Ministry of Finance announced on its official website that in 2025, the proportion of core…
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Great Wall Motors’ Revenue Hits Record High, Net Profit Declines by 22%
Long ago, on March 29, 2026, Great Wall Motors Co., Ltd. (Great Wall Motors) released a report stating that in…
Zhao Leji’s speech at Bo’ao Forum criticized, business owners expose economic pitfalls.
At the Boao Forum for Asia on March 26, 2026, Zhao Leji, Chairman of the Standing Committee of the National…
After exemption from sanctions, Iran’s oil flow shifts from China to India
In response to the pressure on oil supply caused by the Iran’s blockade of the Strait of Hormuz, the U.S….
Investigation: A family of four in New York City needs an annual income of $330,000 to make ends meet.
According to the latest research report released by the Foundation for New York City (FCNY), 46% of working-age families in…
Who can make New York affordable again?
Translator’s Note: The following is a translated and expanded version of the original news article. The cost of living in…
California Faces $8 per Gallon Gas Prices as Oil Refinery Shutdown Looms
Experts’ previous predictions of soaring oil prices in California seem to be gradually coming true. As of Friday, the average…
BYD Sees Annual Profit Decline for First Time As Revenues from Resale Decline
Chinese EV giant BYD faces pressure as profit declines more than expected. Despite increasing revenue, the company’s profit dropped by…
Spring Airlines, a Chinese carrier, to raise domestic route fuel surcharge.
Due to the rise in international oil prices and increasing aviation fuel costs, Chinese airlines are showing signs of increasing…
Expert: Weak domestic demand in China, high vacancy rate in property market difficult to resolve.
Renowned Chinese economist and Dean of the Drip Lake Advanced Finance Institute at Shanghai Finance and Economics University, Yao Yang,…