Chinese A-shares keep falling, Shanghai Composite breaks below 2900 psychological barrier.
In recent days, the A-share market has been on a continuous decline. Following a full day of green trading on…
economics
Read More
China fund company executives demanded salary cuts, accused of prescribing wrong medicine
Amid the ongoing economic downturn in China, many banks and securities companies have been reducing salaries for their employees and…
Mainland Scholar: Local Government Revenue Decline Leads to Insufficient Domestic Demand.
Chinese economist Zhang Bin recently stated that the decrease in revenue of local governments in mainland China leading to a…
Chinese Banks Lower Deposit Rates, Analysis: Weak Domestic Demand
After the People’s Bank of China lowered the LPR, on July 25, China’s five major state-owned banks lowered their deposit…
Honda Closes Production Line in China, Reducing Production of Nearly 300,000 Gasoline Cars
On Thursday, Japanese automaker Honda announced that due to sales difficulties, the company will reduce annual production capacity of around…
US new home sales in June hit lowest level in seven months
As a result of rising mortgage rates and housing prices dragging down demand, the sales of new single-family homes in…
World’s 23.9 Billion Land King Reduced to 10.4 Billion with No Takers, Collateralized for Debt
Shimao Group’s subsidiary Shanghai Shimao Co., Ltd. (Shimao Co.) recently had its premium land asset, known as “Diwang,” ruled to…
California to Revise Insurance Regulations by End of Year, Aiming to break the deadlock in the cold winter.
California Insurance Commissioner Ricardo Lara expressed concerns over the current insurance crisis in the state, stating that some people are…
The road to China’s economic rebalancing by renowned columnists becomes increasingly difficult.
China is shouldering the mission of achieving economic transformation through encouraging “new productive forces.” This was reiterated at the recently…
Chicken Feet Sold for Four Yuan, Chinese Say Street Food is Unaffordable
In China, the price of chicken feet has skyrocketed, with processed chicken feet now selling for an average of four…