G7 Summit Issues Strong Remarks to Address Unfair Trade Problems
On July 16th and 17th, the G7 Trade Ministers’ Summit took place in Italy, discussing a range of issues. The…
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Chinese live streamer earns 3725 yuan in six months, sued for one million yuan
Recent reports indicate that China’s economy continues to decline, leading to a severe job market situation where many people turn…
Economic Downturn Continues, Beijing and Shenzhen demand people to return unemployment benefits.
China’s economy continues to slump, with a rising number of unemployed individuals. Cities like Beijing and Shenzhen are seeing more…
California budget deficit forces businesses to pay more taxes
Due to the massive budget deficits in the current and upcoming fiscal years in California, businesses in the state will…
Prices are rising, but now six major categories of goods are cheaper than before the pandemic.
Even in a low inflation environment, prices will still rise over time. Historically, the Federal Reserve’s target has been a…
The European Union considers curbing large-scale invasion of traditional Chinese chips into the European market.
The European Union is currently seeking the opinions of the European semiconductor industry regarding China’s expansion of traditional chip production,…
Chinese Consumers Hold Tight to Purses as Burberry and Other Luxury Brands Offer Huge Discounts.
With the Chinese economy in a downturn and consumer spending sluggish, an increasing number of middle-class consumers in China are…
Half of PwC China’s Financial Services Audit Staff to be Cut
According to a report by Reuters on Tuesday, July 16th, one of the Big Four international accounting firms, PwC, is…
Weak Demand in China Causes Sharp Drop in Sales of Swiss Luxury Watches.
Amidst the economic turmoil and sluggish demand in China, sales of luxury Swiss watches have sharply declined. This week, the…
Virgin Atlantic withdraws from China due to high cost of avoiding Russian airspace.
Virgin Atlantic Airways Ltd. (known as Virgin Atlantic) will suspend its London Heathrow to Shanghai flights from October, abandoning its…