ECONOMICS
By Yan Chungou, Commentary Economist Li Daokui argued at an economic forum on July 12 that China's economy has remained "overall sluggish" for three consecutive years. Citing an estimated unemployment rate of 10.2 percent, roughly double the official figure, along with rare negative growth in fixed-asset investment and mounting local
China Issues Pay Raise for Civil Servants Amid Economic Slump, Sparking Public Ire
As China continues to reel from a sputtering economy stemming from weak consumer demand, a failing real...
China’s Subway Boom Becomes a Financial Nightmare as Project Racks Up Trillions in Debt
Amid China's efforts to rapidly modernize and pull itself out of economic turmoil, a financial paradox...
China Strikes Back With Fresh Sanctions on US Military Firms Over Taiwan Arms Deal
In the latest saga of escalating tensions between Beijing and Washington, the Chinese Communist Party...
The Great Corporate Shift: 4 Reasons Why US Companies Are Pulling Out of China
In a dramatic pivot for the global economy, U.S. companies are accelerating their exodus from China....
Japanese Firms Retreat From China En Masse Amid Worsening Economic Woes
As China continues to grapple with a sputtering national economy, Japanese companies are growing increasingly...
Chinese Markets Cool in Anticipation of Redoubled ‘America First’ Policies
Markets around the world have reacted strongly to Trump’s re-election as U.S. President on Nov. 5 and...
Once the ‘World’s Factory,’ Closing Businesses and Decaying Industrial Parks Litter Dongguan, China
Dongguan, a city of 10 million in southern China's Pearl River Delta, has long holds an important place...
East Coast Port Strikes Trigger a Supply Chain Crisis: 5 Key Takeaways
NEW YORK, New York — As of Oct. 1, the East and Gulf coasts of the U.S. have been grappling with the...
Fed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited...