Analysis: Beijing’s new measures are like “band-aids”, the housing market is difficult to warm up
An unnamed Communist Party policy advisor described the recently introduced real estate rescue plan as “like putting a giant band-aid…
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Pinduoduo stock price drops by over 30%, reaching lowest level since 2024.
On August 26, the Chinese e-commerce platform Pinduoduo saw its stock price on the U.S. stock market drop by over…
IBM and Microsoft Successively Reduce Business in China: What Signals are They Sending?
IBM to Close R&D Department in China, Shift Research Business Overseas IBM’s decision to close its research and development department…
Analysis: CCP’s Industrial Policy Will Trigger Trade War with the World
The Chinese Communist Party’s focus on driving high-end manufacturing industries while neglecting domestic consumption policies implies that it will rely…
23 More Red Lobster Restaurants to Close, New Ownership Plans Leadership Changes
The seafood chain restaurant Red Lobster is currently undergoing bankruptcy proceedings and has announced the closure of more than 20…
Pinduoduo’s Second Quarter Earnings Fall Below Expectations; Temu Merchants Continue to Protest
Chinese e-commerce giant Pinduoduo announced its second-quarter financial report for the year ending June 30 on Monday (August 26, 2024)….
Democratic Republic of the Congo opposes the sale of copper and cobalt mines to Chinese military enterprises.
In a recent report from Reuters, the government of the Democratic Republic of the Congo, commonly known as the DRC…
China’s Real Estate Market Slumps, Land Transfer Revenue Drops by 40.3% YoY in July
China’s real estate market continues to languish, with official data showing a sharp 40.3% year-on-year drop in land transfer revenue…
Chinese Securities Transaction Stamp Duty Plunges 55% in January-July, Sparking Controversy
According to official data from the Chinese Communist Party, the national tax revenue has decreased by 5.4% in the first…
Weathering the Economic Downturn: Middle Class Turns to Budget Travel While Low-Income Individuals Struggle
China’s economy has experienced a rapid decline after three years of epidemic control measures. Numerous private enterprises have shut down,…