Macro
China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist
China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade to resolve, says Hao Hong,...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
China reaffirms commitment to expanding opening-up policy for multinational companies like Qualcomm
China is continuing its efforts to expand its opening-up policy and offer a world-class business environment for multinational enterprises such as Qualcomm that operate...
Shanghai Gold Exchange Denies Report of Perth Mint Selling Diluted Gold to China
In recent news, the Shanghai Gold Exchange (SGE) and the Perth Mint have found themselves embroiled in a he-said-she-said situation regarding allegations that the...
China expresses willingness to engage in dialogue with US Secretary of Commerce
In typical fashion, China has responded positively to US Secretary of Commerce Gina Raimondo's expressed interest in visiting the country. The Ministry of Commerce...
China Prioritizes Infrastructure Construction to Expand Domestic Demand, Says Chief Economist at CITIC Securities
In China, infrastructure is considered a key driver of economic growth, especially in the short term. Despite other economic engines revving up due to...
Luxshare Precision’s Chairwoman, Wang Laichun, Tops Forbes China’s 100 Power Business Women List for the Ninth Time
Forbes China has released its 100 Power Business Women list, with Luxshare Precision's Chairwoman and Founder, Wang Laichun, taking the top spot for the...
Support for Small-Sized Companies a Priority Among Shanghai Delegates at Two Sessions
Shanghai-based delegates attending China's ongoing two sessions in Beijing are prioritizing the development of private enterprises, especially micro and small-sized companies. Their proposals align...
CNOOC Completes Construction of All 35 Process Modules for Shell-Led LNG Canada Project
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas driller, has announced the completion of construction on all 35 process...
China’s Trade Surplus Expands as Imports Decline in First Two Months of the Year
According to official customs data released on Tuesday, China's imports and exports slightly decreased by 0.8 percent year-on-year to 6.18 trillion yuan ($890 billion)...
Chinese Ministry of Commerce slams US export control list as an act of economic bullying
The Chinese government has condemned the United States' actions to place multiple Chinese entities on an export control list. The move has been described...
China opens new cargo consolidation hub for China-Europe freight trains
A new cargo consolidation hub has been inaugurated in Shenyang, the capital of Liaoning province in Northeast China. The China Railway Express (Shenyang) Hub...
China’s Foreign Trade Shows Strong Resilience Despite Unfriendly Environment
Many people are concerned about the state of the global market and believe that demand is declining sharply. However, this assessment may not necessarily...
China doubles down on attracting foreign investment, expands market access and improves services
China has set its sights on attracting and utilizing more foreign investment this year, as outlined in the Government Work Report submitted to the...
Private Enterprises to Receive More Support and Level Playing Field, Says All-China Federation of Industry and Commerce Chairman
In an effort to promote the growth of the private economy, Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, announced on...
China’s Fiscal Revenue Expected to Improve as Economy Rebounds, Says Finance Minister
China's Finance Minister Liu Kun has highlighted the country's fiscal revenue growth prospects for the year ahead, pointing to an expected improvement in the...
