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ECONOMICS

Amid Communist Pressure, EU Postpones Trade Plan With Taiwan
The European Union has decided to shelve a confidential trade plan that aims to increase trade relations with Taiwan. The postponement came at the last minute after Brussels was scheduled to announce the plan’s format...
Is China’s Coal Struggle Just a Means of Strengthening Government Control?
News analysis Since late August, 20 provinces in China have been experiencing power outages or rationing, severely impacting industrial production and people’s daily lives. Meanwhile, coal prices have continued soaring. According to the country’s National...
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Racing to Prevent Real Estate Collapse, 21 Chinese Cities Issue ‘Decline Limit Orders’
China's housing market has been under heavy downward pressure since the second half of this year. According to incomplete statistics, up to now, 21 Chinese cities have issued housing market "Decline Limit Orders" or DLO’s...
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China’s Factory and Consumer Inflation Spikes, Little Relief in Sight
China’s producer price index (PPI) rose by 13.5 percent in October year-on-year, which is a faster rate than the September figure of 10.7 percent. This is also the fastest pace at which PPI has risen...
Millions of Chinese College Grads Fail to Find Work, Threatening Social Crisis
A record 9.09 million college graduates are set to enter China’s workforce this year. With new jobs already on the decline since COVID-19 shuttered thousands of businesses across the nation, an estimated 15 million urban...
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US Heating Costs Expected to Soar Alongside Rising Gas Prices
Biden-appointed Energy Secretary Jennifer Granholm confirmed on Oct. 7 that Americans should expect higher heating costs for the winter of 2021. In a time when the pandemic has hit the world’s economies hard, the rise...
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Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and the economy, the United States Federal Reserve announced on Nov. 3, that it will be scaling down the...
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Another Chinese Property Developer Faces Trouble Amidst Real Estate Crisis
Ever since China’s biggest real estate developer Evergrande unraveled its financial situation, several other players from the sector have also come out admitting that they too are in a tough spot. The latest to join...
China’s Top Court Deems Brutal ‘996’ Overtime Policy Illegal
China’s Supreme People’s Court has deemed the overtime practice of “996”, working 9 a.m. to 9 p.m. six days a week, illegal, specifically targeting policies common among many Chinese technology firms.  On Thursday, August 26...