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…
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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…
US-China Construction Industry Slowing Down, Otis Elevator Company Lowers Sales Forecast
On Wednesday, July 24th, Otis Worldwide, the world’s largest elevator and escalator manufacturer, lowered its 2024 net sales forecast due…
Over 4,000 A-share stocks fall, Shanghai Composite Index drops below 2900 points again.
After a decline in the previous trading day, the three major A-share indexes plunged collectively in the morning of July…
Why are Korean Convenience Stores Gaining Popularity in Korean Communities?
In the past twenty years, South Korean exports have been popular worldwide, from K-pop, Korean dramas to beauty products, fashion,…