PwC Banned from Operating in China for 6 Months Due to Evergrande Impact.
According to a report by the Financial Times on Wednesday (August 21), PricewaterhouseCoopers (PwC) China has informed its clients that…
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Fed Meeting Minutes Show Policymakers Lean Towards Rate Cut in September
The Federal Reserve on Wednesday (August 21) released minutes of the meeting indicating that despite policymakers’ decision to keep rates…
Chinese car dealers’ losses continue to widen as government subsidies are diluted.
The impact of the price war has put Chinese car dealers in a precarious situation, with losses further widening, while…
Moody’s Lowers Mexico Stock Market Rating, Downgrades China Stock Market Outlook.
On Wednesday, August 21, American investment bank Morgan Stanley, commonly known as “Big Mo,” issued a “hold” warning for the…
Chinese Products Flood In, Dealing Severe Blow to Indonesian Textile and Clothing Industries
A large number of Chinese products have flooded into Indonesia, dealing a heavy blow to local manufacturers and prompting the…
Chinese Real Estate White List Projects Financing 1.4 Trillion, Still Facing Crisis.
Facing the ongoing slump in China’s real estate industry, the Chinese authorities introduced a financing “whitelist” earlier this year. Official…
Chinese cross-border e-commerce company commences new legal battle: SHEIN sues Temu for infringement in the United States.
Shein, a Chinese cross-border e-commerce giant, filed a lawsuit against its competitor, the cross-border e-commerce platform “Temu,” operated by the…
Silk-Planned Announces 120 Job Cuts in China as Consumption Slows
On Wednesday, August 21, global high-end beauty retailer Sephora announced layoffs of approximately 120 employees in China, mainly to streamline…
Walmart to Liquidate Stake in JD.com, JD.com Stock Price Plummets
On August 21 (Wednesday), affected by Walmart’s divestment of its stake in JD.com, JD.com’s Hong Kong stock fell by as…
Mainland China’s “Zero Down Payment” House Purchase Sparks Discussion Again, Expert Says It’s a Marketing Gimmick.
Chinese Property Market Faces Weakness, Developers Under Pressure to Reduce Inventory, Introduce Zero Down Payment to Attract Buyers. In recent…