“Insight into China: Behind the Massive Land Acquisition by Urban Investment Companies”
In recent years, urban construction investment companies (known as “chengtou”) in various parts of China have been acquiring land on…
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BYD cuts price of one of its cars by 50,000 yuan
On the evening of July 29, BYD’s sub-brand, the F3 Panther Automobile, announced a price reduction for the Panther 5…
MTA Plans to Suspend Adding Extra Trips to Some Manhattan Bus Expresses Due to Suspension of Congestion Fee
Due to the suspension of the Manhattan congestion pricing plan, the Metropolitan Transportation Authority (MTA) announced on July 28th that…
Economist: China’s Real Estate Faces Three “Downward Spirals”
At the 2024 Greater Bay Area Chief Economist Forum on July 29, 2024, Nomura Securities’ Chief Economist for China, Lu…
Chinese steel giant closes down, top commodity trader dragged down.
On Monday, July 29, “Xiangyu Co., Ltd.”, one of China’s largest commodity traders, announced that its state-owned parent company, “Xiamen…
Hong Kong Retail Sector under Pressure: Multiple Companies’ IPO Reports Raise Alarm
Multiple Hong Kong-listed companies are sending out warning signals through their financial reports, indicating the pressure on the retail industry…
Tsingtao Beer suffers a loss of 948 million US dollars in China, the outlook is not optimistic.
On Monday, July 29, the stock price of Dutch beer manufacturer Heineken dropped nearly 8% as expectations for beer sales…
Country Garden’s liquidation granted a six-month buffer period, hearing postponed to early next year.
On July 29th (Monday), the Hong Kong court postponed the hearing on the winding up of Country Garden until January…
McDonald’s Quarter Sales Decline Due to Lack of Appeal of $5 Meal Deal
McDonald’s surprised the market on Monday (July 29) by announcing a global drop in sales for the last quarter, marking…
Why Did the Electric Car Price War Anger BYD Car Owners in Thailand
On July 4th, BYD’s factory in Thailand was completed and put into operation. In a fierce price war, the Chinese…