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economics

  • economics

To secure orders, Canton Fair exhibitors engage in fierce price wars.

David SessionsApril 25, 2024April 25, 20245 mins

The 135th China Import and Export Fair (Canton Fair) is currently being held in Guangzhou, with more exhibitors participating compared…

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  • economics

Wang He: The Failure of Chinese Communist Party’s Steel Industry Policy

Paul WilkinsApril 25, 2024April 25, 202412 mins

On April 17th, President Biden told steelworkers in Pittsburgh that “Chinese steel companies don’t have to worry about profits, they…

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  • economics

California Accounts for Half of the Top 10 Most Unaffordable Metropolitan Areas for Middle Class in America

Bill SnyderApril 25, 20247 mins

According to a recent study by Creditnews Research, California still remains one of the states with the highest cost of…

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  • economics

Wu Huilin: A Brilliant “Historical Review of Interest” Masterpiece

Lynn ModiseApril 25, 202415 mins

Since the government monopolized currency and acquired printing presses, humanity has been deeply entwined with issues such as “currency inflation,”…

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  • economics

Meta’s Revenue Forecast Misses Expectations as AI Spending Increases, Stock Price Drops 16%

Nick LiApril 25, 20246 mins

On Wednesday, April 24th, Meta released its first-quarter financial report. Despite better-than-expected data, the stock price plummeted 16% in after-hours…

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  • economics

Middle Class Buying Homes in the US – Affordability in Different Metropolitan Areas

David SessionsApril 25, 2024May 25, 20246 mins

In 2024, the independent research institution Creditnews Research recently conducted a study on the relationship between income distribution and housing…

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  • economics

Hong Kong property market continues to slump as Carina Lau suddenly sells seaside luxury home.

Jesse HanApril 24, 2024April 25, 20246 mins

Recently, the highly sought-after luxury residence “Shenwan 9” in Hong Kong sold a sea-view apartment for 73.8 million Hong Kong…

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  • economics

Gucci’s China Sales Decline Casts Shadow on Luxury Brand’s Future in the Country

Lynn ModiseApril 24, 20245 mins

Luxury brand Gucci’s woes in China seem difficult to reverse, with its parent company, Kering Group, warning of a significant…

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  • economics

Experts and citizens are pessimistic as 30 cities promote housing exchange for old ones.

Paul WilkinsApril 24, 20249 mins

The mainland real estate market continues to struggle, prompting over 30 cities to introduce housing “swap old for new” policies…

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  • economics

Chinese Company “Chumo Wenwen” Lists in Hong Kong, Opens at a Drop of Over 20% on First Day

Lynn ModiseApril 24, 20244 mins

On Wednesday, April 24th, the Chinese artificial intelligence company known as the “AIGC first stock,” Mobvoi, went public in Hong…

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