BUSINESS

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China’s Evergrande Crisis Could Lead to a Massive Domino Effect in Real Estate
Commentary by Cheng Xiaonong An overarching illusion about China's prosperity concerns the "construction boom" brought about by China's real estate bubble. The bubble is expected to burst eventually, but no one would have expected the...
Tattoos for Tacos: Mexican Restaurant’s Free Meal Deal for Permanent Wearers of Their Logo
While there is no such thing as a free lunch, exceptions to the rule may apply. One small San Francisco restaurant offered free meals for life to those who were willing to wear their logo,...
Chinese Manufacturing Sector Weakens, Power Crisis Remains a Major Threat to Factory Output
China was said to have made a strong economic recovery following the damage unleashed by the COVID-19 pandemic however, the latest manufacturing data and a host of other issues ranging from severe power cuts and...
Hundreds of Chinese Companies Might Soon be Delisted From American Stock Exchanges
Chinese firms have long secured funding from American capital markets without proper checks and balances. Such activities are heading towards their end as the U.S. implements new rules to hold foreign companies, raising capital from...
Surfers wait at Huntington Beach, California on September 25, 2021 as a container ship waits offshore. The western world is facing a major supply chain problem heading into the Christmas season that could be fueling record inflation.
US Supply Chain Under Pressure as Ships at California Ports Face 4-Week Unloading Time
As Christmas rush approaches, the North American supply chain is under pressure with ports in California and New York have ships waiting as long as four weeks to unload their cargo.  An Oct. 1 article...
Evergrande Crisis Could Cause a Damaging Domino Effect While Powerful CCP Families Profit
On Sep 22, in an attempt to assure concerned western investors, the Evergrande Group announced that it will pay RMB$232 million (US$35.9 million) in interest on bonds due in September 2025 with a coupon rate...
U.S. sanctions are crippling Huawei’s consumer business.
Huawei Expects Losses Up To $40 Billion in Smartphone Revenues
Chinese company Huawei is expected to see revenues from its smartphone business drop by $30-$40 billion this year, according to Eric Xu, the company’s rotating chairman for 2021. At a press conference in Beijing, Xu...
Justice Department Probing $14.7-Billion Zoom-Five9 Deal
The U.S. Justice Department is investigating a deal by Zoom Video Communications to buy customer-service software company Five9 due to national security risks posed by the videoconferencing firm’s ties with China. Both companies are headquartered...
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China Bans Cryptocurrency Mining and Transactions, Bitcoin Falls
China has banned all kinds of cryptocurrency transactions, and pledged to put an end to the mining of digital assets. The information was shared on the website of the People’s Bank of China. It also...