ECONOMICS
NEW YORK, New York — In a major boost to local economies, Small Business Services Commissioner Kevin D. Kim sat down with Vision Times on May 6 to talk about the exciting new initiatives that will bolster the city’s Business Improvement Districts (BIDs) and community-based organizations across the region. With
China Plans 1.5 Trillion in Financing to Prop Up Debt-Swamped Local Governments
Beijing is planning a move to alleviate some of the pressure on debt-laden local governments involving...
As US Economy Stagnates, 30-year Mortgage Rate Soars
According to S&P Global’s U.S. Composite PMI Index which was released on August 23 and tracks manufacturing...
Data Shows Massive Decline in US-China Trade
News analysis The economies of the United States and China are rapidly decoupling from each other,...
YouTube Blogger Uncovers Fake EV Boom in China
China boasts the world's most robust registration figures for electric cars, especially Chinese models...
Chasing Higher Interest Rates, Chinese Resort to ‘Special-forces’ Banking
A tightening of financial regulations in mainland China has many on edge as more people report experiences...
Federal Reserve Hikes Interest Rates to Highest Level Since 2001
On July 26 (Wednesday), the U.S. Federal Reserve raised interest rates by 25 basis points. It’s the 11th...
China Shifts Focus to Domestic Demand and Green Tech Opportunities Amid Export Downturn
A critical decrease in China's exports — the fastest since the onset of the COVID-19 pandemic — has underscored...
Mongolian Prime Minister’s China Trip Highlights Growing Economic Dependence on Beijing
Luvsannamsrain Oyun-Erdene, the prime minister of Mongolia, recently completed a trip to neighboring...
Investors Wary of China’s Economy Amid Stagnant Post-Pandemic Recovery and Anticipated Stimulus Measures
As momentum for China's post-pandemic economic recovery begins to decelerate, the upcoming stimulus measures...