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…
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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…
Taiwanese Companies Shifting Supply Chains from China to India
Amid escalating geopolitical tensions and the ongoing trade conflict between China and the United States, James Huang, Chairman of the…
Shenzhen unemployment rate soars, jobless individuals disguise as “working” in libraries
In the bustling city of Shenzhen, the unemployment rate is soaring, with a 40.1% increase in the number of registered…
German luxury cars see a sharp drop in prices on the mainland, sales continue to decline.
Even with significant price reductions of the three major luxury car brands in Germany, sales in mainland China remain difficult…
UBS: US to Impose 60% Tariffs, China’s Economic Growth May Halve
UBS Group AG’s latest research shows that imposing a 60% new tariff on all Chinese imports by the United States…
Rescue Operation: Elite Catering Acquires 512 Mod Pizza Stores as an Alternative to Bankruptcy
Elite Restaurant Group announced on July 10th that they have acquired the popular pizza chain Mod Pizza, which owns over…
Driverless Taxis Taking Over the Market in Mainland, Leaving Millions of Drivers in Anxiety and Unemployment
In the midst of China’s deteriorating economy and soaring unemployment rates, Baidu has launched unmanned self-driving taxis named “Carrot Express”…
China’s Top Four Airlines Expect to Lose 8.1 Billion in the First Half of the Year, It’s Still Hard to Make Profit for the Whole Year.
China’s four major airlines, Air China, China Southern Airlines, China Eastern Airlines, and Hainan Airlines, have released their semi-annual reports…
China’s New Home Prices Hit Biggest Drop in 9 Years as Property Market Struggles to Reach Bottom
China’s real estate industry continues to struggle and shows no signs of reaching a bottom. In June, new home prices…