Chinese Consumer Spending Plummets, Hong Kong Luxury Shopping Mall No Longer Flourishing
For years, Hong Kong has been the preferred destination for wealthy Chinese to purchase luxury handbags and watches. However, with…
economics
Read More
Experts: The CCP’s Plan to Use Homes for Elderly Care has Four Objectives, Which Will Worsen the Housing Market.
The Chinese Communist authorities’ introduction of three housing systems – housing inspection, housing pension, and housing insurance – has sparked…
Caixin August China New Economy Index Drops to 29.8
On September 2nd, the Caixin website released the August 2024 Caixin BBD China New Economy Index (NEI) which dropped to…
Local Fiscal Tightening in China: Several Provinces to Add Toll Stations on National Highways
After the outbreak of the pandemic in China and against the backdrop of a continued economic downturn, the era of…
Hong Kong’s major real estate developer records first loss in 20 years
Hong Kong’s real estate market slump is impacting even top developers. One of Hong Kong’s largest real estate developers, New…
Foreigners Flocking to Japan: Why Local Credit Card Companies are Worried
With the influx of international tourists visiting Japan, they are putting immense pressure on Japanese credit card companies as they…
Other than Red Lobster, nine American chain restaurants have filed for bankruptcy.
In 2024, along with the increasing bankruptcy filings in various industries, the number of chain restaurants filing for bankruptcy in…
EU is drafting stricter hydrogen energy rules to counter China’s cheap dumping tactics
The European Union is taking steps to combat the potential threat posed by China in the hydrogen energy industry. After…
Cutting Costs: Volkswagen Considers Closing Two Factories in Germany
Volkswagen announced on Monday (September 2) that it is considering the historic closure of two factories in Germany. This move…
More than half of the American middle class plan to work until the age of 65
Many people are saving for retirement, but their retirement savings may not be enough to cover their entire retirement life….